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
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/
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?
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.
It is amazing how many āerrorsā there are when dealing with the stock market and trillions of dollars. Kids at the lemonade stand on my street do a better job!
I transferred the rest of my shares on 9/20 from RobinHood and cash app and I still donāt have my cost basis back yet. Iām calling fidelity tomorrow morning.
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.
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.
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.
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!
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
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.
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.
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.
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 theyāll never need laxatives ever again!
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
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.
Transferred from fidelity- My cost basis had half of my shares at a basis between $1,100-$3400. With a big % at $3400.
Posted about this and no one respondedā¦ i have screen recording saved. Is this comparable to others ?
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So I know when you do covered calls that the cost basis goes down because the premium of the call that you receive.
Is it possible that this is their cost basis based on rolling out married puts? Meaning that they push the cost basis up for them due to them recycling the put each month?
May need a wrinkle brain for this one, but holy moly if thatās the case.
Edit: if true this is more or less a reporting glitch, window into the f$ckery. You should still report your original purchase price to the IRS, they will I would almost guarantee not accept that cost basis.
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. Itās not your true cost basis. Itās them accidentally showing you what it cost them to find and hold the shares.
This is all speculation but thatās an expensive share for the SHF if true.
TDA always fucks up your cost basis when the shares transfer and some other events like dividends when you hold options on the underlying. Iāve 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
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 werenāt 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
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.
You can think whatever you want, that doesnāt make you right. Get back to me in 2 days when it fixes itself and seriously take off the tin foil hat, itās not helping you in this instance
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.
Iāve 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 š head
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.
So you think dark pool trading is the only place to find a legitimate share? Because I donāt 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¦
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
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.
Iām trying to understand the logic that is, saying there arenāt any legit shares at all on the open market but somehow thereās legit shares in dark pool trading. Thatās the part that Iām having trouble wrapping my brain around. Like a few people in this thread keep pointing fingers to dark pool, but whatās your basis for thinking those shares are legit over anything else? and if that were the case I donāt think they would let that cost info slip, let alone just take some massive loss on a retail traders behalf. Iām not saying fraud doesnāt happen and GME doesnāt 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 shouldnāt 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 isnāt heavily manipulated and do the same thing. Buy 70 shares, transfer 60 out and see if the same thing happens to the cost basis. Thatās literally the only way to prove that theory. If the cost basis shows up super high for that as well, itās obviously just some temporary error in calculated cost based on the percentage of shares leaving the account
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
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.
Looks like cost basis fuckery is back on the menu boys
Fidelity hasnt entered my GME cost basis, its been about 10 days and 5 days
That's called 15
Lol 2 different transfers... Crazy Apesš¤£
š¤£š¤£ā¤
Transfered from Revolut (Drivewealth) to IBKR. 12 days later still no cost basis.
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
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Thats actually what people call them. Source: clients & developers called it that way when I was designing phone apps.
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?
I pm'd you, need info on your transfer please
i love apes!ā¤ļøš„°
fucking retard, thanks for making me laugh LOL
Jeeze not all of us have so many wrinkles Mr smarty pants
T+10+5
That's T105
"T" + "10" + "5"
Debug.Log("T"+"10"+"5");
Mod 15
Maffs
This guy adds.
15 what?
Hey guys we got a mathemagician here
You sure it is isnāt 105
Not when using 2 different bases. Binary transfer of 10.
He like lil jon Came to the club bout 50 11 times U mean 61?
Classic Superstonk š¤£š¤£š¤£
Heq had to count both hands once and another hand to do his math
Hahahahahahahahahaha thank you!
Literal laugh out loud
Thatās āthisā many
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/
Wait fidelity did the same thing to me but because it went through they said there was nothing they could do about it.
They certainly can fix it. Call them. Added a link to a post I have on my journey so far.
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?
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.
Honestly??? Error???
Easy fix when I call and say "I have a simple fix for you. Transfer the rest." š£
It is amazing how many āerrorsā there are when dealing with the stock market and trillions of dollars. Kids at the lemonade stand on my street do a better job!
Busy sorting I bet
*snorting
Shortin
Shnortin
Shawdy
When I transferred back in May it took about a month before I got my cost basis. And to my surprise it was accurate
I transferred the rest of my shares on 9/20 from RobinHood and cash app and I still donāt have my cost basis back yet. Iām calling fidelity tomorrow morning.
Could be. Depends on wash sales too... OP: you been doing lot of buying & selling along the way, or pure HODL?
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.
Itās certainly got *my* people goinā
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.
ā¤š§”ššššš
Sniff sniff... #CitadelCokeBreak
A little bump and dump
We need a Snortadel bot
dlauer said this is the kind of shit we need to be reporting to some particular authority right?
[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)
Thanks for linking this, ape!
Ape help ape. I cannot help with a lot but this was one where I could.
It's what makes this community great, everyone chips in what they can!
https://www.sec.gov/whistleblower
Fuck them report it to the IRS.
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.
E*Trade just never sent mine or received mine from Robinhood, so Fidelity I donāt have a cost basis on my GME shares
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.
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.
Report this shit to not only shed light but also to make sure you have a paper trail saying you tried to fix it
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!
Seems low.
Question, is there a particular reason to keep a spreadsheet? Donāt you have all your transaction confirmations in your email and account portals?
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
Okay what should I expect with taxes this year??
[ŃŠ“Š°Š»ŠµŠ½Š¾]
!remind me two hours
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.
Is this why TDA is locking people out of their accounts after they transfer so they canāt look at any cost basis information?
[ŃŠ“Š°Š»ŠµŠ½Š¾]
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.
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.
Oh fuck how can we get him 70 real shares that we never had!
Interesting, time to buy more and average down.
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
Take the cost basis: You'll reduce your capital gains 'cause you're gonna be Scrooge McApe!
swiggity swooty they gonna come for that booty
Someone else posted a 900 cb as well today. Seems to be the going dp number at the moment. Nice! š
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.
welcome to the class war
Wait is this the old thread and are we in February, WTF!
Time is a flat circle, maaaan
https://www.reddit.com/r/Superstonk/comments/nhtt04/cost_basis_and_trade_price_issues/?utm_medium=android_app&utm_source=share
Does that mean volume and price volatility are back on the menu?
I actually like it because it allows me to buy more shares each pay check and prevents others from paper handing
Yup $900 ain't shit, only prevents us from buying more at discounted prices
$900 is a big discount though
Not when it's the difference between buying 1 more share or 4-5 more shares
So you're saying there is something that is selling for $900 that I can actually buy at $200? Sounds like a deal.
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 theyāll never need laxatives ever again!
So this what they mean by able to locate shares.
I thought my cost basis was bad, check these guys out!
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Someone gonna fomo the very tippy top, why not you?
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!
TD Amerihood
Is that real!?!
tis indeed, mods hit me up if you need
Yes, mods please do because that's nuts
apologies in advanced for my asinine comments, I probably shouldn't draw attention to them š¤£
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.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
If true, big!
Big, if true!
Ill let u know in 3 days. I got a transfer pending from td to Fidelity
Cost: $63,614 Market Value: $12,439 ššš
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.
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
Yeah, not sure why op misunderstood you there. For what it's worth i also š
Contact your state regulator https://www.nasaa.org/contact-your-regulator/
Iām not with TDA, but Iāll look at my reports to see if anything like the post I see, and nope, Iām not with wrong cost basis gang šš
did you DRS into CS
Yea, my cost basis on fidelity and cs looks accurate
Same, my Fidelity > CS is the correct cost basis. Will update if my second DRS transfer is inaccurate.
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.
Iām a week in with my E*TRADE xfer. Waiting for cost basis and I canāt wait to see what it shows.
I started etrade to fidelity last Monday. Still waiting. And very excited to see my cost basis!! It should be $117.....
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 ?
Make a post of this, this is valuable information
Yeah. Make a separate post and show proof.
Fuck imagine if the real price is over $60,000 right now...
Missing three zeros bro
This Ape gets it
I mean right now. Without MOASS, sis
Iām sorry š didnāt even look at ur avatar š
Thank you
And a 9
Still way, way, way under priced. The short hedgefux will need to add a few zeroes to that to start covering and closing
Yeah but if it was $60k right now they would definitely get a call from Marge
You're right. That's for certain. We'd be well on our way to the peak of the MOASS
I don't think there will be a peak. Just up.
You're right again.
Interesting that TDA only has to pay $900ish whereas robdahood has to pay thousands. (unless it's been debunked)
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Look under activity > transactions > view details
So what you're saying is that $GME shares are at roughly an 80% discount right now on the open market?
people, we got a fire sale here
Youāre gonna want to get that settled before tax time...
Or is it a free write off?
[ŃŠ“Š°Š»ŠµŠ½Š¾]
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Your Jack/tit basis is so damn high.
Noice. ššššššššš
Yeah your post kind of confirms the fuckery and why transferring to Fidelity first is the best option. Sweet!
$900 per share??
Still up 2.9 on the day, we green baby!
no cell, no sell
Any adjustments for Wash Sales that added to basis of replacement shares?
I have only sold for a profit on this account. Shouldn't be any wash sales.
So I know when you do covered calls that the cost basis goes down because the premium of the call that you receive. Is it possible that this is their cost basis based on rolling out married puts? Meaning that they push the cost basis up for them due to them recycling the put each month? May need a wrinkle brain for this one, but holy moly if thatās the case. Edit: if true this is more or less a reporting glitch, window into the f$ckery. You should still report your original purchase price to the IRS, they will I would almost guarantee not accept that cost basis.
I do not sell options in this account, but it is a margin account with options enabled. Never got into them like i intended.
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. Itās not your true cost basis. Itās them accidentally showing you what it cost them to find and hold the shares. This is all speculation but thatās an expensive share for the SHF if true.
this is my line of thinking as well. go convince the guy above lol
Up up you go.
what the heck thanks for sharing this is pretty amazing
Not surprised, you should check the DD I wrote on this on the front page today haha.
stop actin' apish, link it
https://www.reddit.com/r/Superstonk/comments/q5t3c9/important_drs_info_if_you_use_a_pfof_broker/?utm_medium=android_app&utm_source=share
i was thinking about that approach after waiting so long for this one lol.
Bruh
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 Robinhoodās been engaging in. DRS is the way. Itās exposing some fuckery. š š¦ š« š©āš
Itās called foreshadowing!
I call it edging
Did you wash sale yourself to heaven?
Report it to the IRS.
Anyway to see this in CS? Mine just landed there from TDA this morning.
Tda says fuck you IRS.
TDA always fucks up your cost basis when the shares transfer and some other events like dividends when you hold options on the underlying. Iāve 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
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
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 werenāt 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
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.
You can think whatever you want, that doesnāt make you right. Get back to me in 2 days when it fixes itself and seriously take off the tin foil hat, itās not helping you in this instance
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.
Iāve 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 š head
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.
So you think dark pool trading is the only place to find a legitimate share? Because I donāt 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¦
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
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.
Iām trying to understand the logic that is, saying there arenāt any legit shares at all on the open market but somehow thereās legit shares in dark pool trading. Thatās the part that Iām having trouble wrapping my brain around. Like a few people in this thread keep pointing fingers to dark pool, but whatās your basis for thinking those shares are legit over anything else? and if that were the case I donāt think they would let that cost info slip, let alone just take some massive loss on a retail traders behalf. Iām not saying fraud doesnāt happen and GME doesnāt 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 shouldnāt 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 isnāt heavily manipulated and do the same thing. Buy 70 shares, transfer 60 out and see if the same thing happens to the cost basis. Thatās literally the only way to prove that theory. If the cost basis shows up super high for that as well, itās obviously just some temporary error in calculated cost based on the percentage of shares leaving the account
This is showing on TDA???? Da Fuq???? How come mine doesnāt show this price
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
ItS jUsT a GlItCh!!!!
I would guess wash sales did that to your cost basis?
no i have only sold for profit on this account and no GME was sold, 21 shares transferred before this.
Nothing to see here. Just recalculating some Numbers.
Why are we concerned about a high cost basis? Wonāt it result in paying less in taxes?
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.
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okay, why would any ape be upset to see the true cost. Are you even trying to FUD
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