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Level 2
April 3, 2019

Sale of Stock Rights

  • April 3, 2019
  • 2 replies
  • 13 views

My client received a1099-B for sale of stock rights without any cost bases. Contacted AST who did not have an answer. How do I determine the cost bases?

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2 replies

itonewbie
Level 15
April 3, 2019

What kind of stock right is that?  Employer stock options (which are normally not transferrable) or are these puts and calls or something else?

What in the world is AST?

---------------------------------------------------------------------------------Still an AllStar
Level 8
April 3, 2019

American Stock and Transfer.  I believe they are a transfer agent.

BotchAuthor
Level 2
April 3, 2019

Yes

sjrcpa
Level 15
April 3, 2019

Ask the client how he got them. Have him dig up the paperwork.

The more I know the more I don’t know.