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.)