For gifted stocks where the original cost basis is unknown, you'll need to use the donor's basis (carryover basis) as your starting point. Since you can't find records from the 1960s/70s, here's what I'd recommend: 1. **Document your search efforts** - Keep records of all your attempts to find the original basis (calls to Computershare, BofA, etc.). The IRS appreciates good faith efforts. 2. **Use historical price reconstruction** - Since you know the approximate purchase timeframe and the company had multiple stock splits, you can research historical prices from that era. Many financial websites and libraries have historical stock data going back decades. 3. **Consider IRS Publication 551** - This publication specifically addresses situations where basis records are unavailable and provides guidance on reasonable reconstruction methods. 4. **Account for all corporate actions** - Make sure to adjust for all stock splits, dividends, and other corporate actions that occurred between the original purchase and when you received the gift in 2008. 5. **When in doubt, be conservative** - If you can't determine a reasonable basis, using zero basis (paying tax on the full sale amount) is the safest approach, though it results in higher taxes. The key is thorough documentation of your research process. The IRS understands that very old securities often lack complete records, so they generally accept reasonable reconstruction efforts when properly documented.

I dealt with a very similar situation with some General Electric shares my grandmother gifted me in the early 2000s that were originally purchased in the 1970s. After exhausting all the traditional routes (transfer agents, brokerages, etc.), I found success using a combination of approaches mentioned here. What ultimately worked for me was using historical newspaper archives through my local library's digital collection to find stock prices from the estimated purchase period, then cross-referencing that with the company's documented stock split history from their investor relations website. I created a detailed spreadsheet showing my research methodology and calculations. One thing I'd add to the excellent advice already given - if your grandfather kept any old tax returns, those might show dividend income from the stocks which could help narrow down the purchase timeframe and potentially the number of shares originally bought. Even if the returns don't show the purchase price directly, consistent dividend income over certain years can provide valuable clues. The IRS was completely understanding when I included a cover letter explaining my research process and why original records weren't available. They accepted my reconstructed basis without any issues. The key really is showing you made a good faith effort to determine the actual basis rather than just guessing or defaulting to zero.

This has been such an enlightening discussion! I'm new to both serious gardening and this community, but I'm already planning my first donation garden based on all the wonderful advice shared here. One aspect I haven't seen discussed much is timing - I'm curious about the optimal harvest timing for donation produce versus what you'd keep for your own family. Should I be picking vegetables at peak ripeness for donation, or is it better to harvest slightly earlier so the produce stays fresh longer for the food bank's distribution? Also, I'm wondering about seasonal planning - would it be more valuable (both charitably and tax-wise) to focus on extending the growing season with cold frames or hoop tunnels to provide fresh produce when it's more expensive and less available? Or is it better to focus on maximizing summer production when everything grows easily? I'm leaning toward starting with a simple summer garden this year focusing on tomatoes, peppers, and herbs as suggested by others, but I'd love any thoughts on how to think about timing and seasonality from those who have experience with donation gardening. Thanks to everyone for creating such a supportive and informative discussion!

This has been such an incredibly thorough and helpful discussion! As someone who's been lurking in this community for a while but finally decided to jump in, I'm amazed by the wealth of practical knowledge everyone has shared about donation gardening and the tax implications. I've been growing vegetables for my own family for about three years now, but I always felt overwhelmed by the idea of properly documenting donations for tax purposes. Reading through everyone's real-world experiences and systems has completely changed my perspective - it's clear that with the right approach from the start, the documentation doesn't have to be burdensome at all. What really strikes me is how this thread demonstrates the best of community knowledge sharing. We've got everything from basic IRS requirements to sophisticated tracking systems, from beginner-friendly crop recommendations to advanced seasonal planning strategies. The progression from initial questions to detailed implementation advice shows exactly why forums like this are so valuable. I'm particularly grateful for the emphasis on contemporaneous record-keeping rather than trying to recreate everything at tax time. That one insight alone probably saved me from making a major mistake down the road. The suggestions about coordinating with food banks early, weighing produce by type, and photographing specialty varieties for valuation purposes are all going straight into my planning notes. Thanks to everyone who contributed - this thread should be bookmarked as a comprehensive guide for anyone considering donation gardening. You've turned what seemed like a complex tax and documentation challenge into a manageable and rewarding way to give back to the community while potentially receiving tax benefits. Looking forward to sharing my own experiences as I get started this season!

As a videographer myself, I've found that tracking data usage is actually pretty easy. Most routers have tools to see which devices use how much data. My business computer uses about 85% of our total household data with those big video file uploads, so that's what I deduct. I also keep a spreadsheet showing file sizes of work uploads vs estimated personal usage to back up my claim if needed.

This is exactly the kind of situation where upgrading for business purposes makes the deduction calculation clearer. Since you're upgrading specifically because of client requirements for 4K uploads, that $40 monthly increase should be fully deductible as a business expense. For the base $50, I'd suggest tracking your actual usage for 2-3 months to establish a defensible percentage. Given that you mentioned 80% of your bandwidth will be work-related with these uploads, that sounds reasonable, but having router logs or usage data to back it up will be crucial. One thing to consider: since this is a 7-month contract, you might want to document the seasonal nature of your internet needs. You could potentially deduct different percentages during active contract months versus slower periods. Just make sure to keep detailed records of when you're doing the heavy uploading work versus regular editing tasks. Also, don't forget that the business portion of your internet can be deducted either as part of your home office expenses (if using the actual expense method) or separately as a business utility expense on Schedule C. Calculate both ways to see which gives you the better overall deduction.

I actually went through this exact situation last filing season! Had closed my Credit Karma account after getting a new credit monitoring service, then realized I needed it for my refund advance. Want to know what worked? I called their dedicated tax support line (not the regular customer service) and explained my situation. They were able to process a special exception that allowed the advance to be sent to my external bank account instead of requiring an active Credit Karma account. Took about 3 days longer than normal, but I got my advance without having to reopen anything. Worth asking about!

This is really helpful information from everyone! As someone who works in financial services compliance, I can add that the key issue here is that refund advances are technically short-term loans secured by your expected tax refund. When you close your Credit Karma account, you're essentially terminating the lending relationship that makes the advance possible. However, @Sofia Perez's experience with the dedicated tax support line is interesting - it suggests Credit Karma may have developed workarounds for this exact scenario since it probably happens frequently during tax season. I'd recommend trying that route first before switching to a different tax service, especially since your return is already in processing. The special exception process she mentioned sounds like it could save you from having to start over with a new provider.

Have you tried calling Credit Karma directly to see if you can appeal the closure or open a new account? Sometimes they'll reconsider if your account was closed for minor reasons. Also worth checking if any local credit unions in your area offer tax refund loans - they often have better rates than the big tax prep companies. If all else fails, some employers offer paycheck advances that might tide you over until your refund comes in!

I went through the exact same thing with Credit Karma last year! It's so frustrating when they close your account right before tax season. From my experience, once they close it, you're pretty much locked out of their advance program. I ended up going with FreeTaxUSA instead - they don't offer advances but their fees are way lower than TurboTax anyway. If you really need the money fast, maybe try a local tax prep office? Some of the smaller ones are more flexible with their advance requirements than the big chains. Also consider filing super early this year so you get your actual refund ASAP instead of paying those crazy advance fees!