Tax Answers

Members of the Maryland Association of Certified Public Accountants are answering readers' tax questions through Friday.Q: I had a 401(k) plan with my employer in which I made investments in various areas, including company stock. At the termination of my employment, I paid income tax on the fair market value of the company stock. What is my basis of the company stock I now hold? Is it the cost contribution I've made in all the various investments or the fair market value of the company stock determination?