Question

Briefly explain resources on the basis of stock

Answer 1

Answer:

The basis of stocks or bonds you own generally is the purchase price plus the costs of purchase, such as commissions and recording or transfer fees. When selling securities, you should be able to identify the specific shares you are selling.

If you can identify which shares of stock you sold, your basis generally is:

What you paid for the shares sold plus any costs of purchase.

If you can't adequately identify the shares you sold and you bought the shares at various times for different prices, the basis of the stock sold is.