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Cost Basis

Last year a bank stock I owned merged with MTB. I have owned my bank stock since July, 2005 and accumulated 1,314 shares thru purchases and DRIP. I purchased a block of the bank stock 4 times (July 2005, Jan 2006, Aug, 2006, Sep 2007). After the merger, I received some MTB stock, $1400 cash for the sale of 141.67 shares of my bank stock and $68 thru the sale of fractional shares of MTB. I kept a journal of purchases and DRIP by Date, Entry, Shares, Cumulative Shares, Net Cost and Cumulative Cost. I'm using FIFO as a starting point in the cost basis. The original purchase of 500 shares on July 2005 covers the sale of 141.67 shares of my bank stock after the merger in 2015. Do, I exclude the net costs of purchases in Jan 2006, Aug 2006 & Sept 2007) when computing cost basis?
Date: Tue-Mar-8-2016-
Response
0
I would just use cost averaging and compute the new cost basis of the MTB (after the merger) stock shares as of the merger date. That way, I don't have to worry about using FIFO or any other life method to establish cost basis of any particular shares. 
[d] By: consumes
Date: Tue-Mar-8-2016
Response
What is 1 + 100



Helpfulbox Now Offers Free POS Software

for restaurants, kiosk, and any other retails business completely free. It can be used as windows cashier system or as full blown POS. You will able to print to kitchen, display orders on the kitchen screen, manage inventory, employee, report, customer loyalty offers, employee management, delivery address track and much more, all for free.

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