(04-14-2022, 05:36 AM)cemanuel Wrote: "Speaking of WBD, E*Trade reports my cost basis for it as $0.  Is that right???"

Taxable or tax-advantaged account?

On a technical basis, the answer is no, it's wrong. Maybe there'd be some funny way of acquiring T shares that would result in a 0 CB but I'm not aware of one. But brokerages often treat distributions in a tax-advantaged account as having a 0 CB even though this isn't really the case - but may as well be for tax purposes.

(04-14-2022, 08:58 AM)ken-do-nim Wrote:

(04-14-2022, 05:36 AM)cemanuel Wrote: "Speaking of WBD, E*Trade reports my cost basis for it as $0.  Is that right???"

Taxable or tax-advantaged account?

On a technical basis, the answer is no, it's wrong. Maybe there'd be some funny way of acquiring T shares that would result in a 0 CB but I'm not aware of one. But brokerages often treat distributions in a tax-advantaged account as having a 0 CB even though this isn't really the case - but may as well be for tax purposes.

Taxable.  I'll have to call then.

(11-15-2021, 10:23 AM)fenders53 Wrote:

(11-15-2021, 10:01 AM)poneyboy Wrote: Me too on CRWD. I need to add  more growth. That's what everyone wants these days. Tired of being in the names that don't move lol

Finally sold my T after 8 years. Had enough lol

Nobody can say you weren't patient.  I've held a few dogs for decades but two years is about the max these days before I try to slap myself out of denial.

(04-14-2022, 09:17 AM)Kerim Wrote:

(04-14-2022, 08:58 AM)ken-do-nim Wrote:

(04-14-2022, 05:36 AM)cemanuel Wrote: "Speaking of WBD, E*Trade reports my cost basis for it as $0.  Is that right???"

Taxable or tax-advantaged account?

On a technical basis, the answer is no, it's wrong. Maybe there'd be some funny way of acquiring T shares that would result in a 0 CB but I'm not aware of one. But brokerages often treat distributions in a tax-advantaged account as having a 0 CB even though this isn't really the case - but may as well be for tax purposes.

Taxable.  I'll have to call then.

I'd give it a few days before worrying about it. I saw a lot of comments over on SA about several brokers that do not have cost basis worked out yet, and even a few folks saying they got double the number of WBD shares than they should have. Although it seems like it should be pretty straightforward, I'm sure they're still doing the math and updating the databases and it will propagate down eventually.

My favorite example of this is after a split. For a brief, shining moment before Fidelity adjusts the CB to account for the increased number of shares my account balance has me wondering about buying a small island in the Caribbean. I have to catch it just right though. Hoping I can for the Alphabet split this summer, I own a whole honkin' lot of it (a little AMZN).

(04-18-2022, 07:10 AM)ken-do-nim Wrote: Brief update on my situation.  After the double whammy of my huge tax bill for 2021 and the expensive car repair, my savings are drained, and I still have upcoming a furnace repair.  So, as far as new money coming into my brokerage account is concerned, it will probably be 6 months before my Emergency Fund is back at a sufficient level for me to feel comfortable investing again.  Meanwhile, I have been dividend reinvesting, mainly bumping up VALE, BX, HPQ and SCHD.

As far as infusions from selling company stock go, my company is not expected to complete its transition from big one-off contracts to a subscription model until 2024, so my instinct is to just leave it alone while the market oversells it.