What I Am Buying Today.

[Kerim]

(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.