What do you use to keep track of your DRIP acct?

[Guest 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.