(in the USA)
I just got my 1099-B for stock that was sold last year. Since the company was bought out, all my stock in this company was sold. This stock was originally invested when I was very young and the number of shares has increased over the year via dividend reinvestment, i.e., using the dividends from this stock to turn around and buy more stock. Because of this, the stock has been purchased continuously over the last two decades or so.
I finally got my 1099-B today for the sale of this stock. I was surprised to find that the form gave cost bases only for the stocks that were purchased since the beginning of 2011. All the shares that were bought before 2011 (the vast majority of the shares I had) are included in box 5 on my 1099-B, and no cost basis is given for these shares.
I had no idea that the cost basis for these shares would not be given to me, and I was very young anyway when the majority of these shares were purchased. How can I figure the cost basis for these shares? I don't know if my family (since they managed the stock while I was young) is in possession of the records of these stock sales anymore. Please note that I am asking how to get the information I need to determine a cost basis (how much each of my shares was originally purchased for), not how to calculate the cost basis given this information.
If I cannot determine the cost basis for these shares, what should I do?
These stocks were not purchased through a broker, but rather from the company directly. I believe Wells Fargo acted as a kind of middle man for these transactions. I cannot speak on the exact nature of the initial purchase, because I was only a little kid at the time and have not heard anything specific about the details since.