On Thursday, May 2, 2019 at 12:48:34 AM UTC+7, Zhuoyun Wei wrote: > One thing surprises me is that the receiving broker (InteractiveBrokers, > to be exact) does not preserve the cost basis. In its PDF statement and the > TWS, the cost basis of the inbound positions is the price when IBKR > receives the positions. It's my first time doing ACATS, so I have no idea > if this is a normal thing. >
I have done an ACATS to Interactive Brokers and it preserved my cost basis & the date of acquisition. I would double check that the cost basis is actually gone. IB makes this surprisingly hard to verify. You need to create a custom report to see lots. Go to Statements, click the gear icon in Custom Statements on the right, click the + to create a new statement, and select "Open Positions" in the Sections. Then run that report and you can see all of your lots, with their date of acquisition and cost basis. If it is wrong, I'd contact IB support and tell them to fix it. From what I gather, brokers are generally happy to put whatever you tell them in the cost basis data. After all, if it is wrong, they don't get in trouble with the tax authorities....you do. -- You received this message because you are subscribed to the Google Groups "Beancount" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. To post to this group, send email to [email protected]. To view this discussion on the web visit https://groups.google.com/d/msgid/beancount/884c28a7-3deb-4301-bbc5-156d66aff085%40googlegroups.com. For more options, visit https://groups.google.com/d/optout.
