My mother was getting sick so we had her transfer her stocks over to us in 1993 so we wouldn't lose them to a care facility.
I recently sold some shares to help pay for my child's wedding. Do I need to pay taxes on the full amount of the sale, or just what the profit was since it was transferred to me?
Wells Fargo did send me a document that shows the cost per share at the time they took it over. It was sears stock with split out to many places. The 1099B only shows the amount for the sale of the stock.