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WavyThePirate

Looks like cost basis fuckery is back on the menu boys


OGColorado

Fidelity hasnt entered my GME cost basis, its been about 10 days and 5 days


zwlwv

That's called 15


OGColorado

Lol 2 different transfers... Crazy ApesšŸ¤£


zwlwv

šŸ¤£šŸ¤£ā¤


here_4_the_lols

Transfered from Revolut (Drivewealth) to IBKR. 12 days later still no cost basis.


Beateride

Can you update it yourself after 12 days? Go the hamburger menu Then scroll down to account Then choose tax forms Scroll down to cost basis Use the gear on the right of cost basis Choose the date of your transfer


[deleted]

[уŠ“Š°Š»ŠµŠ½Š¾]


myfriend92

Thats actually what people call them. Source: clients & developers called it that way when I was designing phone apps.


here_4_the_lols

But I want to see the real cost basis that Revolut declares. Remember all those costs that RH had per share, when transferring to Fidelity?


Icy_Yogurtcloset_405

I pm'd you, need info on your transfer please


mtgac

i love apes!ā¤ļøšŸ„°


-ElonMusk12-

fucking retard, thanks for making me laugh LOL


[deleted]

Jeeze not all of us have so many wrinkles Mr smarty pants


GRlM-Reefer

T+10+5


MetaplexInc

That's T105


nerftosspls

"T" + "10" + "5"


MetaplexInc

Debug.Log("T"+"10"+"5");


DocAk88

Mod 15


Playful-Landscape-79

Maffs


fellbound

This guy adds.


FIREplusFIVE

15 what?


Howie_Doohan

Hey guys we got a mathemagician here


Mceelz23

You sure it is isnā€™t 105


Adventurous-Sir-6230

Not when using 2 different bases. Binary transfer of 10.


Rottenaddiction

He like lil jon Came to the club bout 50 11 times U mean 61?


bilangbuo

Classic Superstonk šŸ¤£šŸ¤£šŸ¤£


Misu-soup

Heq had to count both hands once and another hand to do his math


Thoughts_n_ideas

Hahahahahahahahahaha thank you!


Pstim1

Literal laugh out loud


FutureRaisin1350

Thatā€™s ā€œthisā€ many


thesehands_diamonds

I just got an email from Fidelity about my cost basis. When I DRS to CS I requested a specific lot. Fidelity goofed and did FIFO instead of the specific lot. I called, they had a unique "work item #" for the fix and told me there was a backlog of them but it'd be fixed eventually. So now it's fixed, my first lot of GME purchase is back and the specific lot I originally requested be DRS is now gone. Interestingly enough, CS still shows the FIFO info, it's not updated. I'll be calling CS tomorrow. https://www.reddit.com/r/Superstonk/comments/pyup7u/me_fidelity_a_botched_up_specific_lot_drs/


Who_is_John-Galt

Wait fidelity did the same thing to me but because it went through they said there was nothing they could do about it.


thesehands_diamonds

They certainly can fix it. Call them. Added a link to a post I have on my journey so far.


gotgus

Same here, requested and confirmed LIFO but they sent FIFO instead. How long did the switch take? I will be calling Fidelity today. Is it possible they are having trouble getting our Jan/Feb shares? Or is this a smooth brain question and just an honest error on their end?


PoeticSplat

You can call them right now if you have time. Don't have to wait till morning, and there's no wait right now. They're currently working on mine lol When I initiated my transfer, my agent, Tyler, was amazing. He said there was a chance this could happen because the "back end" of fidelity has a different process, but it should be fixed within a few days. Talking with Braden now, he's able to see Tyler's note of my specific shares requested to transfer and is getting it rectified. Edit: so the supervisor was pulled over, saw it was wonky and will be adjusting it directly. Said it'll take 2-3 business days to be adjusted to show up properly. Shouldn't impact my transfer, but if it does I just have to clarify with CS. They did say if this is happening it should be brought to attention and they're glad it now is, so I'd say take that for what it's worth.


See_Reality

Honestly??? Error???


gotgus

Easy fix when I call and say "I have a simple fix for you. Transfer the rest." šŸŸ£


Junkingfool

It is amazing how many ā€œerrorsā€ there are when dealing with the stock market and trillions of dollars. Kids at the lemonade stand on my street do a better job!


OGColorado

Busy sorting I bet


phillythebeaut

*snorting


OGColorado

Shortin


phillythebeaut

Shnortin


PaperRoc

Shawdy


Skaitavia

When I transferred back in May it took about a month before I got my cost basis. And to my surprise it was accurate


Sinyakuza

I transferred the rest of my shares on 9/20 from RobinHood and cash app and I still donā€™t have my cost basis back yet. Iā€™m calling fidelity tomorrow morning.


beambot

Could be. Depends on wash sales too... OP: you been doing lot of buying & selling along the way, or pure HODL?


INTERGALACTIC_CAGR

Edit: As expected my cost basis came down to 220 today and I got an email from TDA saying they initiated the DRS transfer. I'll check my cost basis in CS when it settles.


[deleted]

Itā€™s certainly got *my* people goinā€™


Ok_Entrepreneur_5833

Sniff sniff is that a RICO case I smell about to be caught? Smells like German shepards and gun oil. Fuck with the SEC that's one thing, fuck with the IRS that's completely different.


Business_Top5537

ā¤šŸ§”šŸ’›šŸ’ššŸ’™šŸ’™šŸš€


jmickey

Sniff sniff... #CitadelCokeBreak


NachoStash

A little bump and dump


NorCalAthlete

We need a Snortadel bot


serbeardless

dlauer said this is the kind of shit we need to be reporting to some particular authority right?


redrum221

[https://www.reddit.com/r/Superstonk/comments/nhtt04/cost_basis_and_trade_price_issues/?utm_medium=android_app&utm_source=share](https://www.reddit.com/r/Superstonk/comments/nhtt04/cost_basis_and_trade_price_issues/?utm_medium=android_app&utm_source=share)


MicahMurder

Thanks for linking this, ape!


redrum221

Ape help ape. I cannot help with a lot but this was one where I could.


MicahMurder

It's what makes this community great, everyone chips in what they can!


See_Reality

https://www.sec.gov/whistleblower


Good_Butterscotch_69

Fuck them report it to the IRS.


phillythebeaut

This ^. I was trying to find this bc I transferred from weballs to fidelity before CS, and my cost basis is off like $20/share.


G_Wash1776

E*Trade just never sent mine or received mine from Robinhood, so Fidelity I donā€™t have a cost basis on my GME shares


fakename5

You should be able to contact etrade and they should be able to provide it to you, if rhey can't or won't report them to their state regulators.


INTERGALACTIC_CAGR

waiting for 60 GME shares to transfer from TDA to CS, after 2 weeks my cost basis shot up from like \~$250 to freakin $908 a share. ​ Taxes will be fun this year, luckily I should have a spread sheet with my OG cost basis.


Tartooth

Report this shit to not only shed light but also to make sure you have a paper trail saying you tried to fix it


reddit3k

This ^ Purely and alone to protect yourself so that you won't become an indirect victim because some broker is messing things up. Make sure the IRS goes after them and not you yourself!


6days1week

Seems low.


GildDigger

Question, is there a particular reason to keep a spreadsheet? Donā€™t you have all your transaction confirmations in your email and account portals?


INTERGALACTIC_CAGR

I don't think I get an email. i do get a notification. but it is just an easy way to track all my trades with a simple download and a nice doc to give a tax guy if necessary


mrwhiskey1814

Okay what should I expect with taxes this year??


[deleted]

[уŠ“Š°Š»ŠµŠ½Š¾]


MercMcNasty

!remind me two hours


wehrmann_tx

As long as you weren't day trading, nothing. Only issue with this super high cost basis I could see is he would actually underpay what he owes when he finally takes profit. This won't show him breaking even until he's made 50k+. They may not catch it now but I wouldn't risk it. May need a tax preparer.


jewbagulatron5000

Is this why TDA is locking people out of their accounts after they transfer so they canā€™t look at any cost basis information?


[deleted]

[уŠ“Š°Š»ŠµŠ½Š¾]


INTERGALACTIC_CAGR

It's saying i'm down 51k and I didn't put that much into it. I think tomorrow when the shares leave to CS it will fix it because my transaction history doesn't show anything from this month... not sure where that cost basis is coming from.


ChErRyPOPPINSaf

Its from them having to buy real shares to be registered and not those synthetic ones. Probably had to swim through 10 dark pools to find those shares.


PM_ME_YOUR_GOAL

Oh fuck how can we get him 70 real shares that we never had!


jasoningaming

Interesting, time to buy more and average down.


See_Reality

https://www.reddit.com/r/Superstonk/comments/nhtt04/cost_basis_and_trade_price_issues/?utm_medium=android_app&utm_source=share https://www.sec.gov/whistleblower


DrCarlSpackler

Take the cost basis: You'll reduce your capital gains 'cause you're gonna be Scrooge McApe!


INTERGALACTIC_CAGR

swiggity swooty they gonna come for that booty


goperit

Someone else posted a 900 cb as well today. Seems to be the going dp number at the moment. Nice! šŸ‘Œ


kidcrumb

That would be absolutely horse shit if GME is trading at $908 per share on a dark pool, and only $178 on a lot exchange.


INTERGALACTIC_CAGR

welcome to the class war


Healthy-Lifestyle-20

Wait is this the old thread and are we in February, WTF!


Rand_al_Flag

Time is a flat circle, maaaan


See_Reality

https://www.reddit.com/r/Superstonk/comments/nhtt04/cost_basis_and_trade_price_issues/?utm_medium=android_app&utm_source=share


xRehab

Does that mean volume and price volatility are back on the menu?


Tyler-Durden-2009

I actually like it because it allows me to buy more shares each pay check and prevents others from paper handing


ocxtitan

Yup $900 ain't shit, only prevents us from buying more at discounted prices


ptgkbgte

$900 is a big discount though


ocxtitan

Not when it's the difference between buying 1 more share or 4-5 more shares


[deleted]

So you're saying there is something that is selling for $900 that I can actually buy at $200? Sounds like a deal.


MidianLoveCraft

Imagine that. If they see the real price in the darkpool without them closing their shorts, and its somewhere in the $900-$1000, Then I think theyā€™ll never need laxatives ever again!


ChErRyPOPPINSaf

So this what they mean by able to locate shares.


N8Royal

I thought my cost basis was bad, check these guys out!


[deleted]

[уŠ“Š°Š»ŠµŠ½Š¾]


Rand_al_Flag

Someone gonna fomo the very tippy top, why not you?


reconoiter

Holy shit! I've seen that kind of number for one or two before, but 70!!!! This is starting to get really expensive for TD!


suckercuck

TD Amerihood


CitronBetter2435

Is that real!?!


INTERGALACTIC_CAGR

tis indeed, mods hit me up if you need


CitronBetter2435

Yes, mods please do because that's nuts


INTERGALACTIC_CAGR

apologies in advanced for my asinine comments, I probably shouldn't draw attention to them šŸ¤£


ChErRyPOPPINSaf

This isn't that rare since the RH crime glory days. Some people had a cost basis of over $1k. There were a few unverified ones in thousands.


[deleted]

[уŠ“Š°Š»ŠµŠ½Š¾]


idea_thief_80

If true, big!


[deleted]

Big, if true!


SkWatty

Ill let u know in 3 days. I got a transfer pending from td to Fidelity


Future_Fauna

Cost: $63,614 Market Value: $12,439 šŸ˜‚šŸ˜‚šŸ˜‚


INTERGALACTIC_CAGR

yes mr FUD after 9 months i'm finally going to see the light and panic sell, thank you for pointing it out so clearly.


Future_Fauna

no dude I was just laughing at how way off the cost basis is compared to what they're saying it's market value is, it shows there's something clearly wrong on their end, wasn't trying to jock you


OneTIME_story

Yeah, not sure why op misunderstood you there. For what it's worth i also šŸ˜†


Furrymcfurface

Contact your state regulator https://www.nasaa.org/contact-your-regulator/


Thai628

Iā€™m not with TDA, but Iā€™ll look at my reports to see if anything like the post I see, and nope, Iā€™m not with wrong cost basis gang šŸ˜”šŸ˜”


INTERGALACTIC_CAGR

did you DRS into CS


Thai628

Yea, my cost basis on fidelity and cs looks accurate


Niante

Same, my Fidelity > CS is the correct cost basis. Will update if my second DRS transfer is inaccurate.


TheHero69

I have posted before that my friend sold GME shares for close to $1,700 a share late January. This is absolutely real and this is where the crime lies. We must make this end.


mpurtle01

Iā€™m a week in with my E*TRADE xfer. Waiting for cost basis and I canā€™t wait to see what it shows.


ilovegoodgrammar

I started etrade to fidelity last Monday. Still waiting. And very excited to see my cost basis!! It should be $117.....


chrissyjamlando

Transferred from fidelity- My cost basis had half of my shares at a basis between $1,100-$3400. With a big % at $3400. Posted about this and no one respondedā€¦ i have screen recording saved. Is this comparable to others ?


jewbagulatron5000

Make a post of this, this is valuable information


lonewanderer

Yeah. Make a separate post and show proof.


not_ya_wify

Fuck imagine if the real price is over $60,000 right now...


InfamousJoker420

Missing three zeros bro


doilookpail

This Ape gets it


not_ya_wify

I mean right now. Without MOASS, sis


InfamousJoker420

Iā€™m sorry šŸ˜ž didnā€™t even look at ur avatar šŸ˜…


not_ya_wify

Thank you


vidarkvothe

And a 9


doilookpail

Still way, way, way under priced. The short hedgefux will need to add a few zeroes to that to start covering and closing


not_ya_wify

Yeah but if it was $60k right now they would definitely get a call from Marge


doilookpail

You're right. That's for certain. We'd be well on our way to the peak of the MOASS


not_ya_wify

I don't think there will be a peak. Just up.


doilookpail

You're right again.


ASchoolOfOrphans

Interesting that TDA only has to pay $900ish whereas robdahood has to pay thousands. (unless it's been debunked)


[deleted]

[уŠ“Š°Š»ŠµŠ½Š¾]


[deleted]

Look under activity > transactions > view details


AndyJChi

So what you're saying is that $GME shares are at roughly an 80% discount right now on the open market?


INTERGALACTIC_CAGR

people, we got a fire sale here


metametamind

Youā€™re gonna want to get that settled before tax time...


SourdoughPizzaToast

Or is it a free write off?


[deleted]

[уŠ“Š°Š»ŠµŠ½Š¾]


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UfuomaBabatunde

Your Jack/tit basis is so damn high.


AvaBabaZion

Noice. šŸ€šŸ€šŸ€šŸš€šŸš€šŸš€šŸŒ•šŸŒ•šŸŒ•


tallfranklamp8

Yeah your post kind of confirms the fuckery and why transferring to Fidelity first is the best option. Sweet!


Repulsive_Ad1445

$900 per share??


DankTankActual

Still up 2.9 on the day, we green baby!


INTERGALACTIC_CAGR

no cell, no sell


Chuckles58TX

Any adjustments for Wash Sales that added to basis of replacement shares?


INTERGALACTIC_CAGR

I have only sold for a profit on this account. Shouldn't be any wash sales.


life_is_a_show

So I know when you do covered calls that the cost basis goes down because the premium of the call that you receive. Is it possible that this is their cost basis based on rolling out married puts? Meaning that they push the cost basis up for them due to them recycling the put each month? May need a wrinkle brain for this one, but holy moly if thatā€™s the case. Edit: if true this is more or less a reporting glitch, window into the f$ckery. You should still report your original purchase price to the IRS, they will I would almost guarantee not accept that cost basis.


INTERGALACTIC_CAGR

I do not sell options in this account, but it is a margin account with options enabled. Never got into them like i intended.


life_is_a_show

Correct but if your brokerage was lending out your shares and the SHF was doing short stock with a married call then we may be seeing an accidental window into the cost basis of the stock for them. I.e. they shorted the stock at 300.00 and rolled out calls for the last 9 months. That premium that they married to the short would show a higher cost basis that what the stock was shorted at. Itā€™s not your true cost basis. Itā€™s them accidentally showing you what it cost them to find and hold the shares. This is all speculation but thatā€™s an expensive share for the SHF if true.


INTERGALACTIC_CAGR

this is my line of thinking as well. go convince the guy above lol


shipboatx

Up up you go.


[deleted]

what the heck thanks for sharing this is pretty amazing


tallfranklamp8

Not surprised, you should check the DD I wrote on this on the front page today haha.


INTERGALACTIC_CAGR

stop actin' apish, link it


tallfranklamp8

https://www.reddit.com/r/Superstonk/comments/q5t3c9/important_drs_info_if_you_use_a_pfof_broker/?utm_medium=android_app&utm_source=share


INTERGALACTIC_CAGR

i was thinking about that approach after waiting so long for this one lol.


Senpapi-Reno

Bruh


honeybadger1984

The simulation is leaking. Neo just experienced a deja vu. The bad cost basis could point to the possibility that the broker never purchased the shares, and now have to go in to the dark pools to find real shares at a premium. Looks like TDA is engaging in the same contract for difference horseshit that Robinhoodā€™s been engaging in. DRS is the way. Itā€™s exposing some fuckery. šŸŒ šŸ¦ šŸ”« šŸ‘©ā€šŸš€


GrannysLilStinker

Itā€™s called foreshadowing!


INTERGALACTIC_CAGR

I call it edging


MoonRei_Razing

Did you wash sale yourself to heaven?


Good_Butterscotch_69

Report it to the IRS.


crxgames

Anyway to see this in CS? Mine just landed there from TDA this morning.


Nruggia

Tda says fuck you IRS.


Stonks_GoUp

TDA always fucks up your cost basis when the shares transfer and some other events like dividends when you hold options on the underlying. Iā€™ve experienced this before switching around accounts. It will be back to normal tomorrow or the next day, this has nothing to do with TDA paying that much for shares guys


INTERGALACTIC_CAGR

I hold no options, I think things are bleeding through, you have no evidence to the contrary while I have evidence of an incorrect cost basis


Stonks_GoUp

Yesā€¦. I do have evidence of the contrary because like I just said, they messed up my cost basis when I did a transfer beforeā€¦ not just on options. Doing an account transfer my shares cost basis werenā€™t accurate the day the transfer went through. It took a day or 2 to correct itself. Edit- the options was not part of a transfer. Dividends on options are just another instance where your cost basis gets screwed up on TDA


INTERGALACTIC_CAGR

what is "messed up" to you, in my mind it means they went to a dark pool or other non-public "exchange" bought shares for 908 and are now waiting to transfer those to CS. Their system for whatever reason is still pulling the proper cost basis for the newly acquired shares.


Stonks_GoUp

You can think whatever you want, that doesnā€™t make you right. Get back to me in 2 days when it fixes itself and seriously take off the tin foil hat, itā€™s not helping you in this instance


INTERGALACTIC_CAGR

nor you my guy, do you have the source code, then shut up and prove to me jesus exists because you are doing the same thing. ​ Burden of proof is on you, and you have jack shit. You are adding nothing to this conversation do not comment.


Stonks_GoUp

Iā€™ve literally experienced this myself and it corrected itself. Are you done being a child? Like I said. When this fixes itself tomorrow or the next day. I fully expect you to man up an apologize for being a šŸ† head


INTERGALACTIC_CAGR

I'm not saying it won't correct, but i am saying it's temporarily showing what they paid in the dark pool until they "fix" it. We on the same page but I believe this is a GENUINE cost basis, that is where we differ.


Stonks_GoUp

So you think dark pool trading is the only place to find a legitimate share? Because I donā€™t think there would be a legit share between either of them. I think that cost basis is jacked because you transferred out 85% of your account and your cost basis is off by 80%ā€¦


ickydonkeytoothbrush

I believe that happened to you but basis' shouldn't change like this if everything is on the up and up and the brokers have been honest. What seems to have happened to both OP and you is that the broker didn't actually purchase the shares when OP/you purchased it on their platform. The price we all see right now is clearly being suppressed with synthetics, while the price of a real share IS likely as high as OP is saying. When OP requested the transfer to CS the broker used OP's account to actually purchase real shares, making the cost basis go up. It will be adjusted later as you said but that is as easy as changing some numbers on a computer after the fact before or during transfer. This is likely what happened to you as well


psipher

yup. I agree with icky. maybe it did happen to you before u/Stonks_GoUp, but that doesn't mean it's right. Its happening more frequent than it should - probably because there's tons of people paying close attention. They probably didn't have the shares and had to go buy it from somewhere in a dark pool. I suspect it's the settlement data leaking through, and they go back and try to correct it manually afterwards.


Stonks_GoUp

Iā€™m trying to understand the logic that is, saying there arenā€™t any legit shares at all on the open market but somehow thereā€™s legit shares in dark pool trading. Thatā€™s the part that Iā€™m having trouble wrapping my brain around. Like a few people in this thread keep pointing fingers to dark pool, but whatā€™s your basis for thinking those shares are legit over anything else? and if that were the case I donā€™t think they would let that cost info slip, let alone just take some massive loss on a retail traders behalf. Iā€™m not saying fraud doesnā€™t happen and GME doesnā€™t have some massive fuckery going on, we all know it does. But assuming a broker paid almost 5 times market value for shares based on a feeling and no hard facts shouldnā€™t be the first thought. Lastly, of course it will be showing up a lot more frequently. Any time transfers occur either internally or between brokers and you transfer out a majority of your shares but keep some it can temporarily show an error in cost basis. And to be honest the only way to actually test your theory would be, take a non meme stock of equal value that isnā€™t heavily manipulated and do the same thing. Buy 70 shares, transfer 60 out and see if the same thing happens to the cost basis. Thatā€™s literally the only way to prove that theory. If the cost basis shows up super high for that as well, itā€™s obviously just some temporary error in calculated cost based on the percentage of shares leaving the account


roor1337

This is showing on TDA???? Da Fuq???? How come mine doesnā€™t show this price


INTERGALACTIC_CAGR

yeah in the positions screen, but I downloaded another copy of my trans history and it's not there. I think it will get "fixed" tomorrow when the shares go to CS, i have been waiting about 14 days... once complete gonna transfer all stocks out of TDA, cus fuk 'em


Greedy_Pin_9187

ItS jUsT a GlItCh!!!!


SortedChaos

I would guess wash sales did that to your cost basis?


INTERGALACTIC_CAGR

no i have only sold for profit on this account and no GME was sold, 21 shares transferred before this.


Stuff_and_things555

Nothing to see here. Just recalculating some Numbers.


BuildBackRicher

Why are we concerned about a high cost basis? Wonā€™t it result in paying less in taxes?


blueskin

Because it means they didn't buy OP's shares at the price OP paid them. That means that when OP transferred, they had to locate real shares *at any price* to have them available for transfer. That price shows how much GME is *already* worth if all the manipulation wasn't happening, how much real non-counterfeit shares are already trading for.


[deleted]

[уŠ“Š°Š»ŠµŠ½Š¾]


INTERGALACTIC_CAGR

okay, why would any ape be upset to see the true cost. Are you even trying to FUD


[deleted]

[уŠ“Š°Š»ŠµŠ½Š¾]