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Full Version: What do you use to keep track of your DRIP acct?
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Stuck
I wonder what software others use to keep track of their DRIP accts. I set up some of those dividend re-investment accts where you can buy fractions of a share of stock. It went ok until i started transferring them to a broker so i can sell and buy more anytime i want to. The fraction of a share is sold and i received 1099-B statement. I have no idea how to find out the basis, and since it is small amount anyway, i am going to report the entire amount as dividend.
I just wonder how other people do it.
JAMES PATRICK
The IRS expects that to show up on a Schedule D not B.
If you have a computer or a 4 column pad you can track drips rather easy.
If you don't want to figure the basis for cash in lieu payments use a basis of ZERO.
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