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The Case of the Pfishy Pfizer

The Case of the Pfishy Pfizer. QUESTION. CHALLENGE. SOLUTION. The Question: Client sold Pfizer for big bucks. CPA needs to know the original cost to deduct it from her taxes. Pay how much? YIKES!. At first glance. Should be easy – let’s find the price in May 2000 when she bought it.

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The Case of the Pfishy Pfizer

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  1. The Case of the Pfishy Pfizer Financial Detective

  2. QUESTION CHALLENGE SOLUTION Financial Detective

  3. The Question: Client sold Pfizer for big bucks. CPA needs to know the original cost to deduct it from her taxes.

  4. Pay how much? YIKES!

  5. At first glance Should be easy – let’s find the price in May 2000 when she bought it. Nowwhat? But wait, she did not own it at the end of May 2000! She could not have bought it then.

  6. The Challenge part two: Our client starts having nightmares about paying taxes. Click here to see nightmare

  7. The Solution --Trust People CPA says it was inherited, not purchased Senior broker says, “What about a merger?”

  8. The Solution – Trust Paper • Mama’s handwritten notes 1962 Bought Warner Lambert. 1,000 shares cost $20,000 2001 Warner-Lambert merged with Pfizer Still 1,000 shares Aha – Warner Lambert

  9. The Solution – Trust Technology, in context • UNC Library Database

  10. Well, that’s better.

  11. 2001 Warner-Lambert merged Financial Detective

  12. Case Solved The Case of the Pfishy Pfizer Financial Detective

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