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how to deal with cost basis when swapping securities

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  • how to deal with cost basis when swapping securities

    I have my own asset allocation spreadsheet to manage rebalancing across multiple accounts.

    I'm wondering how do y'all handle your cost basis calculation when swapping assets.

    For example, I recently swapped 100% of my FSSNX to FISVX. Fidelity lowered my basis, but the true cost basis is negative.
    In a roth IRA, it doesn't really matter, but in a taxable account it does. Plus, I just like to know where I stand.

    Thoughts?

  • #2
    What?
    My cost basis is in my spreadsheet.
    I TLH monthly. I don't care what my cost basis is otherwise.

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    • #3
      Originally posted by thyroxine View Post
      Fidelity lowered my basis, but the true cost basis is negative.
      No, the true cost basis is not negative. The true cost basis is what you paid for the asset.


      I don’t track basis on my investment spreadsheet. It certainly doesn’t matter in tax protected accounts. And it doesn’t affect asset allocation decisions, rebalancing etc, where you invest inflows etc.

      And in taxable, all that matters is if there is tax loss harvesting to be done. Which is easiest tracked at the brokerage website.

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