Quicken - Orig Cost vs Cost Basis

I was looking over some of my long stock holdings such as SBUX, AAPL, and a few others... Looking at the Security Detail screen, I noticed that the original amount for the Bought does not match the Cost Basis displayed on the left side.

ie - actually paid $5,575 + $12 commission for a stock and it shows $4,181 as the cost basis giving a difference of $1,394.

I did sell some over the years, but even the total commissions charged is only $90..

Any ideas on why the real cost does not match the cost basis ?

Reply to
ps56k
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Reply to
ps56k

Hi, ps56k.

There must be details which you haven't told us. :>{

Several factors can cause an asset's Cost Basis (for income tax purposes) to be different from its actual purchase price. Most of these factors don't apply to a normal purchase for cash on a stock exchange, though. They may involve stock splits, tax-free acquisitions of one corporation by another, spin-offs...not to mention the calculation of basis for assets acquired by gift or inheritance. Then, of course, there are the "wash sale" rules for stock purchased within a month of the sale at a loss of "substantially identical" securities. You haven't told us if any of these - or other special conditions - apply to your shares.

You did mention sales of "some" shares. Are you SURE that the basis of the sold shares, and of the remaining shares, was correctly computed and allocated between them?

The correct calculation might be very simple. Or it might be complicated, based on facts which you haven't told us, and which you may not want to post in a public newsgroup. What does your own CPA say about the bases of these shares?

RC

Reply to
R. C. White

ok - I'll do the "top post" vs the normal bottom posting...

tnx for the heads up - it might be related to splits -

I'm going to go thru them all and see which are not matching, and then the attributes that might be in common.

Reply to
ps56k

It may actually be those stocks that had slices sold vs my usual all or nothing...

Most are buy, hold, or sell all - some over the years have sold a few shares here & there, and those might be the only ones with the mis-match.... which is probably correct.

I'll have to take a detailed look at those with the sold shares, and calc how the original cost basis would be impacted, with the resulting current cost basis as shown by Q2009.

Reply to
ps56k

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