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Cost Basis

General questions about using Fund Manager that do not fit into any other forum.

Postby 4MoreProfits » Thu Apr 28, 2016 2:55 pm

Mark,
I am getting a result on my cost vs Value chart I don't understand. I had 52.162 Shares of stock with a cost basis of $65.26 per share. I received an inheritance of an additional 15 shares. The cost per share at the time of death was $119.73 for a total value of $1795.95. At the time of transfer the value was $1952.7. So filling out the Transfer in form I get:
Transfer in Date = 3/30/16 shares = 15 Market Value = $1952.70 OOP = 0
Tax Cost Basis: Date = 1/19/16 Value = 1795.95

Since my original Tax basis for 52 shares was 65.26 Per share and I acquired 15 additional shares at a cost basis of $119.73 per share how does my cost basis for the stock drop to 50.76 for the new total . I would expect the cost basis to go up since each share I acquired was almost two times the value of the current tax basis. $65.26 vs $119.73. If I enter it as a purchase of 15 shares at $119.73 My cost basis goes up to $77.51 per share which is what I expected

Am I doing something wrong? or Should I not use transfer in?
4MoreProfits
 
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Postby Mark » Thu Apr 28, 2016 4:16 pm

Hi 4MoreProfits,

Instead of entering $0 for OOP, enter the cost basis you want to use ($1795.95). Fund Manager tracks both your tax cost basis, and the OOP cost basis. The graphs that plot cost are plotting the OOP cost basis, not the tax cost basis.
Thanks,
Mark
Fund Manager - Portfolio Management Software
Mark
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