The price of shares purchased through Dominion Direct and the Automatic Dividend Reinvestment and Stock Purchase Plan can be determined from the information which was provided to you on quarterly statements. Dominion Resources does not have a computer printout of the history of your account.
If you are computing your cost basis as it relates to shares exchanged during the merger of CNG and Dominion, please refer to the Dominion Merger Tax Information page for more information.
To determine the cost of shares purchased through the Customer Stock Purchase Plan, please refer to annual statements provided to you at the end of each Customer Plan year. [See the Customer Stock Purchase Plan Prices topic below.]
The cost basis of your shares is the total amount of money you invested through:
- purchase of stock from a stockbroker;
- purchase of stock through the Customer Stock Purchase Plan; and
- direct purchase of stock through the Company by means of reinvesting dividends and/or optional cash investments.
Any shareholder may have purchased stock through any or all of the above listed methods of purchase.
Add together the total dollar amount(s) invested to give you a cost basis for all of the stock you own. Four additional important things to consider when figuring the cost of Dominion Resources stock are:
- the Exchange of Virginia Electric & Power Co. common stock for Dominion Resources common stock in 1983;
- the 3-for-2 stock split in January, 1992;
- the 2-for-1 stock split in November, 2007; and
- the tax deferment on dividends which purchased shares through a qualified reinvestment plan between December 31, 1981 and December 31, 1985. [See the Four Important Things to Remember When Figuring the Cost Basis of Dominion Resources Common Stock topic below.]
After determining the cost basis for your stock, take the difference between what you paid for the stock and what you received for the stock at the time of sale and determine whether you had a capital gain or loss. Report the gain or loss on Schedule D of your IRS tax return. If you sold only a portion of your stock, it may be necessary for you to talk with your tax advisor to determine which shares you sold and what gain or loss you had.
If you need further assistance, please contact a tax advisor.
Dominion Resources, Inc.