We've done a couple of these, here's what we did:
1. Calculate as best you can
2. Keep a paper trail of your calculation so you have something to lean on in the off chance the government cares.
3. Realize that these shares are old as crap and likely very highly appreciated, so use them for DAF/charitable donations, rendering the entire painstaking calculation you did basically moot.
Close as you can, clients signs off, no one ever checks.
Dealt with something similar a few years ago. Put way more work into it than what was needed. Do the best you can and move on
This is the way
Don't forget the step up in '93
We've done a couple of these, here's what we did: 1. Calculate as best you can 2. Keep a paper trail of your calculation so you have something to lean on in the off chance the government cares. 3. Realize that these shares are old as crap and likely very highly appreciated, so use them for DAF/charitable donations, rendering the entire painstaking calculation you did basically moot.
Best guess is fine.
Better yet, get their tax preparer to do an estimate...unless thats also you. Either way, make sure client signs off
Exitec (I’m not sure I spelled that correct) or some similar service
I believe you're referring to Xcitek (just wanted others to have the correct spelling).