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The following shares of IBM stock were transferred to
petitioner’s Schwab account:
Date No. of shares
4/9/98 324
4/17/98 133
4/17/98 26
5/18/98 335
Petitioner’s 324 shares of IBM stock transferred to his
Schwab account on April 9, 1998, were purchased through the ESPP.
His basis in those 324 shares was $32,608.14. The record does
not indicate petitioner’s basis in the 159 shares (133 shares +
26 shares) of IBM stock transferred to his Schwab account on
April 17, 1998. Petitioner’s 335 shares of IBM stock received by
his Schwab account on May l8, 1998, were those he had acquired
under the IBM investors program and for which he had a basis of
$6,133.78.
b. Sales of IBM Stock
Petitioner sold shares of IBM stock held in his Schwab
account in 1997 and 1998 as follows:
Date No. of shares Proceeds
11/4/97 100 $10,124.41
4/21/98 300 34,468.90
7/21/98 1,000 128,340.77
9/22/98 300 38,781.25
10/12/98 600 78,042.44
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Last modified: May 25, 2011