Selling stocks

[jimnvalk]

My mom is retired from Snap On Tools, part of her compensation was stock aquistion.  She wants to sell these.  I have never dealt with the stock market and have no idea of how to go about this.  Is there someone out there that can give me some advice?
Thanks,
Jim

[godfire]

Does she have the actual certificates?

If not are they direct registered or in a brokerage account?

[grego]

Jim
I suggest you to locate a Certified Public Accountant who specializes in stock transactions, and get advice. Getting good advice from a competent professional , or having him/her perform the tax liability computation can keep you sane and out of the cross hairs of the auditors.......{and no this is not a plug for the profession ; I am not a CPA }

[godfire]

Not that a CPA isn't a good idea.....

But, if she only has Snap-on stocks, and she has either certificates or they are direct registered, all she has to do is contact the transfer agent. (Which will save her money)

http://www1.snapon.com/corporate/transferagent.nws

They will tell her what they need to get her the cash. Next year she will receive a 1099-B that will report gains or loses for the next year's tax return. (Maybe CPA time then.... or turbo-tax)

Good Luck!

[jimnvalk]

Not that a CPA isn't a good idea.....

But, if she only has Snap-on stocks, and she has either certificates or they are direct registered, all she has to do is contact the transfer agent. (Which will save her money)

http://www1.snapon.com/corporate/transferagent.nws

They will tell her what they need to get her the cash. Next year she will receive a 1099-B that will report gains or loses for the next year's tax return. (Maybe CPA time then.... or turbo-tax)

Good Luck!
been in contact with transfer agent, i have to take the certificates to a broker