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1answer
51 views

Does FIFO cost basis applies across multiple accounts?

Do regulations require people to manually recalculate cost-basis across all the accounts they own, if stocks were transferred between them? Example: Broker A cost basis setting is set to FIFO. ...
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1answer
41 views

How do deferred sales charges affect cost basis for first-in, first-out sales?

Consider a mutual fund with a 5.75% load fee. However, there is a contingent reduction in that fee to 5% if you intend to invest $25,000 with the fund company over a 20-month period. You select to ...
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1answer
88 views

Is it possible to withdraw your cost basis from an investment to minimize capital gains taxes?

Say you invest $10,000. In a couple of months, that $10,000 investment is now worth $50,000. You decide you want to take out your initial investment of $10,000 back into cash and let the remaining ...
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1answer
313 views

ESPP cost basis and taxes

I participated in a qualified employee stock purchase plan (ESPP) and the offering period just ended. I put in $5000 and got a 15% discount on the price at the end of the offering period (no lookback ...
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1answer
136 views

It is ok if I under-report my cost basis for certain securities?

Yes, I would like to say that my cost basis is lower than it actually was (and thus pay more taxes). Quick story, which I think is mostly correct (but I can't remember all details): I own shares ...
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2answers
136 views

Stock sale cost basis calculations for 2013, now that rules changed, is FIFO or another method the smartest financially?

I was in an employee stock purchase program that auto-bought stock every two weeks at a 15% discount as part of a paycheck deduction. This was BEFORE the 2008 crash and during and after it. This ...
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3answers
1k views

In the event of a corporate spin-off, how can I calculate the correct cost basis for each company's shares?

Consider this example: Siemens is going to have a spin-off (next Monday). If I owned, say, 10,000 shares of Siemens bought at an average price of 80 euros, my cost would be 800,000 euros. In the ...
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1answer
316 views

Using GnuCash for accurate cost basis calculation for foreign investments (CAD primary currency)

I'm looking to use GnuCash for investment tracking and while I evaluate the software, I am specifically interested in how to get it to properly calculate the ACB of foreign investments in CAD. For ...
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1answer
3k views

What does it mean when a business reports its costs on a “fully loaded basis”?

What does it mean to ask a private business to report their costs "on a fully loaded basis"? And then to ask them to "please indicate the fully loaded basis for which the costs are reported"?
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1answer
133 views

Why are mutual fund dividends and capital gains reinvested at different prices on the same date?

Consider the following mutual fund statement. The fund reinvested both capital gains and dividends on the same date, yet the reinvestment cost per share is different for the dividends than it is ...
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1answer
71 views

Cost Basis Of Stocks Of Numbers of Companies With A Financial Firm Before Transfer To The Present and Of Records Lost To Client?

What if there are shares of companies each which were purchased six to nineteen years ago with a prior financial firm before being transferred to the present financial firm? What are ways to get the ...
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1answer
287 views

Does the cost basis increase by reinvestment of investment income in Roth IRA?

In regular brokerage account, the cost basis increases by reinvestment of investment income. I guess it is the same case in Roth IRA? I am not sure, because I don't know if there is some rule that ...
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1answer
560 views

Calculation of Loss for GM Bonds and Cost Basis of New Issues

In 2011 GM bonds were converted to new GM stock and series A and B warrants. For tax purposes, I have read where others reported the cost basis of new shares received for the new GM and the WSA and ...
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4answers
5k views

Cost basis allocation question: GM bonds conversion to stock & warrants

So back when the 2008-2009 financial crisis was in full swing, I bought some GM bonds at depressed prices. These have now been converted to stock and warrants in the new GM company; a while back I ...
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6answers
583 views

What are the negative implications of the 2011 cost basis reporting law?

The United States has a new law requiring brokerages to report the cost basis of sales on IRS Form 1099-B. For stocks purchased after January 1, 2011, financial services firms will have to report the ...
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2answers
242 views

What are the tax liabilities or impact for selling gold?

What are the tax liabilities for selling gold? For example, suppose I bought an ounce of gold in 2005 at $500 and I sold it yesterday for $1,500. What kind of taxes are due on this (in the United ...
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2answers
532 views

When transferring shares to an adult from a irrevocable trust, what is the cost basis of those shares?

My grandparents set up an irrevocable trust account that has a few stocks in it. Now those shares are being transferred to me from the trust. Since those shares have value at some point, Uncle Sam ...
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3answers
9k views

Is there an online cost-basis calculator that automatically accounts for dividend re-investments and splits?

I recently sold stocks which I have been holding a long time. I don't have complete records. I do know that on a certain date, I had so many shares in an automatic re-investment program. Is there ...
5
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2answers
6k views

How should I report my RSUs in my tax return

I had some RSUs where some amount (call it V) vested. Then tax was taken and a smaller amount (call it R) were released, which I sold. I'm using E*Trade, and HR Block have imported my 1099-B form. ...
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1answer
444 views

How do I track investment performance in Quicken across rollovers?

I use Quicken to track investments. I'd like to track performance. Here is a situation that feels wrong: I buy stock S for $10/share. I hold for 5 years. I sell S at $20/share and buy S2 for ...