cost basis adjustment

[Frances Gottlieb]

I looked at the questions on the message board and I don't see my problem. My husband and I kept our portfolio on Joint ownership with rights or survivor. When my husband died in 2001, I naturally took the whole portfolio in my name. However, 1/2 of each share I took possession of had to be adjusted in cost, that half would have to be updated to the cost of my husband's date of death. I was able to do this in captools by just using a lump sum and posted it as CBA. Very convenient. I don't see how I can post a CBA for each share in fund manager. By the way, I have been entering the shares and other sub portfolios manually and find it very easy. But, since we bought a lot of our holding with DRI we have several holding in small amounts, don't tell me I need to go to each individual purchase and add the small amounts. Help. Frances Gottlieb

[Mark]

Hi Frances,

You can adjust your cost basis without affecting your share balance by recording either an Account Fee or Return Of Capital distribution. Account Fee transactions increase your cost basis, and Return Of Capital distributions reduce your cost basis.