cost basis dividend reinvestment spreadsheet

The simplest way to keep track of your cost basis is to note the amount of dividends on which you're taxed from year to year. The Motley Fool has a Quotes delayed at least 15 minutes. My post Financial Basics 12 - Keeping Track of Adjusted Cost Base gives a good summary of why and how to use the spreadsheet. How do I figure cost basis with 35 yr old stock in a dividend reinvestment plan?How do I figure cost basis with 35 yr old stock in a dividend reinvestment plan? One way to get wealthy in the stock market is to take dividend-paying stocks and reinvest the quarterly payments they make into buying more shares. "So you have a lot of leeway here.

Dividend reinvestment plans, or DRIPs for short, make it simple for investors in many dividend stocks to use this strategy.

I recently sold 750 shares of stock. How do I figure cost basis with 35 yr old stock in a dividend reinvestment plan? Depending on the dollar amount, I would want to have 1) long term gain, and 2) I like to keep things somewhat simple, so i would also compute the basis in the remaining share now, especially if you plan to sell soon. The shares that you buy through dividend reinvestment have a basis equal to the amount of dividends you gave up to obtain them.

Just document well whatever you use.

"What gets tricky is if you decide to sell only a portion of your shares. By adding those amounts to what you originally paid for shares, you'll accurately reflect your total cost basis for the position. In a nutshell, cost basis is what you paid for an investment plus any money you reinvested, such as additional purchases, dividends and capital gains. "What gets tricky is if you decide to sell only a portion of your shares. It can even save you from making what could become a costly tax mistake when you sell your shares.Copyright 1995 - 2016 The Motley Fool, LLC. Here's the long version of the advice: Be sure to add the cost basis of reinvested dividends to a particular investment so that when the investment is sold, the capital gain (investment proceeds less the investment cost) reflects the cost of reinvested dividends. By contrast, specific identification can allow you to choose shares with smaller gains, but you might not have held those shares long enough to get preferential long-term treatment.The key aspect of calculating cost basis for DRIPs is that a little recordkeeping along the way can save a lot of time later on. Information U.S. Dividend Champions. As a result, over time, your total cost basis in your position will rise.Eventually, when you sell your shares, your capital gain will be the difference between the proceeds from the sale and your cost basis in the shares.

Ability to enter foreign exchange rates for stocks and funds listed in foreign currency has been added. How do I figure cost basis with 35 yr old stock in a dividend reinvestment plan? All rights reserved. Real-time quotes provided by This material may not be published, broadcast, rewritten, or redistributed.

The simplest way to keep track of your cost basis is to note the amount of dividends on which you're taxed from year to year. By adding those amounts to what you originally paid for shares, you'll accurately reflect your total cost basis for the position. The spreadsheet was updated to version 1.1 in May 2017. It's critical to increase your cost basis by the amount you've been taxed for your dividends along the way, or else you'll overpay on capital gains taxes at sale.What gets tricky is if you decide to sell only a portion of your shares. (FIFO) Or the current values? Using a method like first in, first out will generally get you long-term treatment for any gains or losses, but if the stock has risen over time, that method will sometimes lead to larger taxable gains than others. Unfortunately, data sources came and went – and we’re on iteration 3 or 4 now. The Reason to Track Dividend Reinvestment and Investment Cost Basis First, let me clarify the tip.

Should I use the figures represented on the date at which our reinvested dividends reached 750 to figure cost basis? Quotes delayed at least 15 minutes. In that case, you'll have to choose which method to use in selecting the exact shares that you sell. Real-time quotes provided by This material may not be published, broadcast, rewritten, or redistributed. Musings on the Any Stock Dividend Reinvestment Calculator We originally built a version of this stock total return calculator for DQYDJ’s five year anniversary (and 749th published article). All rights reserved. For the dividend investor this is an essential source of information. The shares that you buy through dividend reinvestment have a basis equal to the amount of dividends you gave up to obtain them. In that case, you'll have to choose which method to use in selecting the exact shares that you sell. Cost Basis Dividend Reinvestment Spreadsheet. Download by size: Handphone Tablet Desktop (Original Size) Cost Basis Dividend Reinvestment Spreadsheet is templates for spreadsheet and letters templates .

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cost basis dividend reinvestment spreadsheet