Cost Basis of Stock Removed from Company Retirement Plan

In 2008, nine years after retirement, I removed my assets from my prior employers retirement plan. Most of the assets were rolled over tax-free into an IRA but the company stock was transferred to me. I paid income tax on the value of that transaction as determined by the company.

The company provided me with the Cost Basis for the stocks transferred to me, but I am wondering if the fact that I paid income tax on the distribution increased the basis, perhaps to the value of the shares on the day of distribution.

(I have left this unresolved for years since I had assumed when I die the cost basis stock would be bumped up to the value on the day of my death, but I've become interested in determing the cost basis now.)

Reply to
Victor Roberts
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After I posted this I realized that I had paid income taxes only on the portion of the distribution that was related to my original tax-free contributions.

I did not pay any taxes on the net unrealized value so the basis would not have changed.

Reply to
Victor Roberts

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