Stock -Class A to B

[brownmonster]

If you don't have more than 100 shares then you have to do it the other way

I see.

 

[burrheadd]

If you don't have more than 100 shares then you have to do it the other way

Why is this so hard for some to understand

 

[Turdferguson]

Why is this so hard for some to understand

He is a hairy Sasquatch

 

[Dracula]

Just call them. Yes, you have to go through some automation, but you will get a rep eventually. That rep will walk you through everything. Link it up to your bank account, send the paperwork in, and you'll get your money a week after they get the paperwork.

And you only pay taxes on the money the stock has earned over what you paid for it.

 

[UpstateNYUPSer(Ret)]

And you only pay taxes on the money the stock has earned over what you paid for it.

Cost basis is the original value of an asset for tax purposes, usually the purchase price, adjusted for stock splits, dividends and return of capital distributions. This value is used to determine the capital gain, which is equal to the difference between the asset's cost basis and the current market value.

 

[Dracula]

Cost basis is the original value of an asset for tax purposes, usually the purchase price, adjusted for stock splits, dividends and return of capital distributions. This value is used to determine the capital gain, which is equal to the difference between the asset's cost basis and the current market value.

Yeah, I think that's what I said.

 

[Mugarolla]

Computershare sends you the info needed to prepare your taxes.

 

[brownmonster]

Computershare sends you the info needed to prepare your taxes.

View attachment 166032

They do make it easy.

 

[Mugarolla]

They do make it easy.

Yup.

Just plugged the numbers into Turbo Tax and viola.