tag:infinitekind.tenderapp.com,2009-01-14:/discussions/investments/70-changing-cost-basisInfinite Kind: Discussion 2018-03-17T10:29:03Ztag:infinitekind.tenderapp.com,2009-01-14:Comment/365921982015-04-15T21:38:27Z2015-04-15T21:38:28ZChanging Cost Basis<div><p>How can the cost basis be amended? I Combined two brokerage
accounts into one. In the closed account sold all items at $0 and
added the units as Buy at $0 but need to increase the cost. Also Is
it possible to indicate the original acquisition cost other than in
the Edit Security comments. Both these numbers are required to
establish Adjusted cost basis for Tax filing when a sale
occurs.</p>
<p>Many requests have been made in the past under Ticket #339? to
facilitate transfer of investments between accounts? Is this still
being investigated?</p>
<p>Regards</p>
<p>Gordon</p></div>tag:infinitekind.tenderapp.com,2009-01-14:Comment/365921982015-04-15T21:53:16Z2015-04-15T21:53:16ZChanging Cost Basis<div><p>I would suggest that instead of selling and buying at $0 that
you do the transactions using the actual original cost price. This
would ensure that the sale does not result in reports showing what
is probably a capital loss on your old brokerage account and ensure
when you do a sale on the new that the correct cost price is
used.</p>
<p>Des</p></div>dwgtag:infinitekind.tenderapp.com,2009-01-14:Comment/365921982015-04-16T19:18:48Z2015-04-16T19:18:48ZChanging Cost Basis<div><p>Des,</p>
<p>Thank you for your response & suggestion. This seems to be
the solution I was looking for. Unfortunately I will have to go
back and change all the entries already made. I’m using not
only the original cost but have included additions and return of
capital and did the buy and sell based on this figure.</p>
<p>Your assistance is greatly appreciated.</p>
<p>Gordon</p></div>Gordon Gardnertag:infinitekind.tenderapp.com,2009-01-14:Comment/365921982015-04-16T21:42:17Z2015-04-16T21:42:17ZChanging Cost Basis<div><p>If you want to use adjusted figures in the new brokerage then
after doing the sell at the original price you might like to pass
entries to drop the value by the return of capital amounts before
you purchase as the revised unit price. If you need to do nothing
else with the funds then a MisExp entry could achieve this.</p>
<p>Yes I know MD needs a RoC transaction as well.</p>
<p>Des</p></div>dwg