You get a Form 1099 for what you sold it for. IRS will want to know when you bought it and what you paid. You may have lost or misplaced this information over the 20 years you held SUSQ. I know people who have owned stocks 50+ years thru splits and mergers and don't have good documentation. My advice is to do the best you can to determine your basis for gain or loss.
I suggest you get yourself a new accountant unless your cost basis in the shares was zero.
Hoping someone can help me out on cost basis of the Susquehanna deal talked to one accountant who said my check i got fr8m sale was income but couldn't there be a loss if i acquired it when it was above its selling price and should show a loss? I know its impossible to figure it out because i had it (susq) in 90s
In most cases options are given at current price at issue and are good for a 10 year period. Will BBT not have any gain in the share price for the next 10 years? I think the majority of companies will have some kind of increase in a full 10 years period regardless. However, the options given were given for past performance is my understanding.
And the stock is now down another ten percent or so....but what an empire we are buying! Worthy of Ayn Rand.
And if the stock price goes down, just how much benefit do you calculate those options are worth to him? Options are usually viewed as primarily an incentive for future results and not a payment for the past.
Is there anyone out there that can explain what could possibly justify the millions of stock options given to Kelly King and the executives of BBT? If I read the proxy correctly Kelly King was given millions of stock options for the following results. BB&T missed the last four quarters of earnings estimates according to Yahoo. Yes, that is correct BBT missed every quarter's earnings estimates in 2015. The per share stock price was $38.89 on December 31,2014 and ended at $37.81 on December 31,2015. I just don't understand how anyone could believe that this type of management deserves big rewards.
I think those incessant acquisitions may be a factor in this stock's low valuation. And now.... another insurance company! BBT does not give itself time to absorb all those new parts of Mr King's ever growing empire...
I think Kelly King is too conservative to stick his neck out for excessive loans to any kind of business or individual. This company will be o.k. for the long term.
87 wasn't a blip if you were unlucky to have been invested at the time, myself I was in 100% cash so I was lucky to have missed it ( had a lot of things going on in 87 so I sat out the market starting in june 87 ).