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Message
Vanguard transaction discrepancy
Posted on 8/13/24 at 2:09 pm
Posted on 8/13/24 at 2:09 pm
I made a purchase a few days ago in my brokerage account and when I look at my cost basis, it’s a different amount from the purchase price in my transaction history.
Transaction history $200 but cost basis is showing $214. I look at my confirmation document and it shows $200. Is this anything to worry about?
I tried calling but got frustrated with their automated menus
Transaction history $200 but cost basis is showing $214. I look at my confirmation document and it shows $200. Is this anything to worry about?
I tried calling but got frustrated with their automated menus
2
Posted on 8/13/24 at 3:17 pm to LSUSports247
This is in your favor... I'd stop spending time on it.
Posted on 8/13/24 at 3:34 pm to UpstairsComputer
This is not in my favor. I purchased at $200, which is a lower cost basis than the $214 that is displayed.
Posted on 8/13/24 at 3:35 pm to LSUSports247
My FIL used to (still might) spend hours “fixing” the cost basis of his trades, mostly against his benefit. Used to blow my fricking mind.
Just leave that shite alone
Just leave that shite alone
Posted on 8/13/24 at 3:36 pm to LSUSports247
quote:
This is not in my favor. I purchased at $200, which is a lower cost basis than the $214 that is displayed.
How is that not in your favor? When you sell, that will be $14 less in gains per share.
Posted on 8/13/24 at 3:44 pm to Joshjrn
I didn’t think about it that way, I guess I’ll let it be.
Posted on 8/13/24 at 9:21 pm to Joshjrn
Right. The higher the cost basis the less capital gain he will have to pay if he sells. There should be an explanation though.
Posted on 8/13/24 at 9:22 pm to LSUSports247
Any chance you sold shares for a loss in the last 30 days? Thinking it could be a wash sale.
Posted on 8/13/24 at 10:54 pm to redstickrun
Yes I did sell shares at the end of July and some were for a loss. I bought back in at a lower price so I guess this might be a wash sale.
Posted on 8/13/24 at 11:45 pm to LSUSports247
The same stock within 30 days?
Then it was a wash sale. You can’t take the capital loss but it does get added to your tax base of the newly purchased shares. That is your answer.
Then it was a wash sale. You can’t take the capital loss but it does get added to your tax base of the newly purchased shares. That is your answer.
Posted on 8/14/24 at 1:39 am to LSUSports247
quote:
Yes I did sell shares at the end of July and some were for a loss. I bought back in at a lower price so I guess this might be a wash sale.
As the other poster said, you had a $14 disallowed loss from the previous sale that must be added to the basis of your purchase since it falls within the wash sale timeline.
It’s not the buying in at a lower price that triggered anything, it the buying it at all within 30 days before or after the sale that triggered the wash sale rule.
Posted on 8/14/24 at 8:34 am to LSUSports247
quote:
This is not in my favor. I purchased at $200, which is a lower cost basis than the $214 that is displayed.
You can send tax donations directly to the IRS and save yourself the time.
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