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    How do we calculate the cost

    0  Views: 402 Answers: 3 Posted: 6 years ago

    3 Answers

    Of  what ???????????

    Here we go again....an elephant is worth 17 groundhogs and 2 huge horses.  a duck billed platypus is equal to large armadillo.  a shark is equal to 4 crooked lawyers.  and a duck is equal to a duck. There you have it.

    The cost of a security can be broken down into 2-3 parts, depending on where you live.  Firstly, it's the cost per share times the number of shares of a security.  For example, 100 shares of General Electric at $19 would be 19 x 100 or $1900.  If the commission or transaction cost is $50 and the General Excise Tax is $3, the whole cost is: 1900 + 50 + 3 = $1953.  Hence, when you do your taxes when the security is sold, your cost basis would be $1953 or $19.53 per share.


    That's how you calculate the cost.


     



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