Tax Basis

[Ivan]

Hi Mark,

I occasionally run a custom report containing the field Tax basis per share, Assigned Method. I set the date range from long in the past (before I have ever purchased anything) to the present. I have a couple of funds where that value changes even though there have been no new transactions other than reinvested dividends, which I thought didn't affect Tax Basis. What I am looking for is my original OOP cost per share based on the purchase price of all the shares I currently own. Am I using the right field?

Thanks,
Ivan

[Mark]

Hi Ivan,

Reinvested distributions do affect your tax cost basis. Your total tax basis (value) increases by the amount of the reinvestment. If you want to know your Out Of Pocket basis on the currently owned shares, see:

OOP basis per share (current) <- per share amount
Out of pocket basis (current) <- value