Schwab Takeover of TDAmeritrade
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Not sure what to do with the following. Our club has TDAmeritrade as our broker so I checked on the cost basis of our shares and everything matched except for 3. We owned Raytheon and when they merged we received 50 shares of Carrier Global Corp (CARR) NON-TAXABLE SPIN OFF/LIQUIDATION DISTRIBUTION, 25 shares of Otis Worldwide Corp (OTIS) NON-TAXABLE SPIN OFF/LIQUIDATION DISTRIBUTION and 76 more shares of Raytheon (RTN) which is now Raytheon Technologies Corp. (RTX) and Cash in lieu of 0.696 shares $42.59 minus
MANDATORY REORGANIZATION FEE (755111507) $38.00. When I compared the cost basis in bivio and TDAmeritrade they were as follows:
TDAmeritrade bivio
Carrier 25.4760 18.2252
Otis 71.2404 87.6200
Raytheon 77.3593 76.8744
It also listed the following in the capital gains/losses list:
Open Adj. Close Adj.
Quantity Date Cost Date Proceeds
| RTX | RAYTHEON TECHNOLOGIES CORPO | CIL Exact.FIFO | 0.696 | 09/20/17 | 43.99 | 04/08/20 | 42.59 | -1.40 | -3.18 | Long |
On Friday, October 9, 2020, 10:56:22 AM CDT, Laurie Frederiksen <laur
I am sure Laurie can answer your question, but I would first total the cost basis (# of shares multiplied by per share cost basis) for all three and see if the Bivio and TDA match. It could be a matter of allocation of share numbers. I would also check the number of shares that TDA and Bivio show for each holding. And does Bivio and TDA show the capital gains or just one of them?
Peter Dunkelberger
Financial Partner
Sumner Stock Selectors Investment Club
Not sure what to do with the following. Our club has TDAmeritrade as our broker so I checked on the cost basis of our shares and everything matched except for 3. We owned Raytheon and when they merged we received 50 shares of Carrier Global Corp (CARR) NON-TAXABLE SPIN OFF/LIQUIDATION DISTRIBUTION, 25 shares of Otis Worldwide Corp (OTIS) NON-TAXABLE SPIN OFF/LIQUIDATION DISTRIBUTION and 76 more shares of Raytheon (RTN) which is now Raytheon Technologies Corp. (RTX) and Cash in lieu of 0.696 shares $42.59 minusMANDATORY REORGANIZATION FEE (755111507) $38.00. When I compared the cost basis in bivio and TDAmeritrade they were as follows:TDAmeritrade bivioCarrier 25.4760 18.2252Otis 71.2404 87.6200Raytheon 77.3593 76.8744It also listed the following in the capital gains/losses list:Open Adj. Close Adj.Quantity Date Cost Date Proceeds
RTX RAYTHEON TECHNOLOGIES CORPO CIL Exact.FIFO 0.696 09/20/17 43.99 04/08/20 42.59 -1.40 -3.18 Long On Friday, October 9, 2020, 10:56:22 AM CDT, Laurie Frederiksen <laur
We transferred Pep and AFL into TDAmeritrade in 2011. The number of shares are correct, but the cost basis isn't. Did TDAmeritrade just put our cost basis at 0 when we transferred the shares? How would I handle this if we sold our shares? Nothing is simple. Lucile Sorrells
I am sure Laurie can answer your question, but I would first total the cost basis (# of shares multiplied by per share cost basis) for all three and see if the Bivio and TDA match. It could be a matter of allocation of share numbers. I would also check the number of shares that TDA and Bivio show for each holding. And does Bivio and TDA show the capital gains or just one of them?Peter DunkelbergerFinancial PartnerSumner Stock Selectors Investment ClubNot sure what to do with the following. Our club has TDAmeritrade as our broker so I checked on the cost basis of our shares and everything matched except for 3. We owned Raytheon and when they merged we received 50 shares of Carrier Global Corp (CARR) NON-TAXABLE SPIN OFF/LIQUIDATION DISTRIBUTION, 25 shares of Otis Worldwide Corp (OTIS) NON-TAXABLE SPIN OFF/LIQUIDATION DISTRIBUTION and 76 more shares of Raytheon (RTN) which is now Raytheon Technologies Corp. (RTX) and Cash in lieu of 0.696 shares $42.59 minusMANDATORY REORGANIZATION FEE (755111507) $38.00. When I compared the cost basis in bivio and TDAmeritrade they were as follows:TDAmeritrade bivioCarrier 25.4760 18.2252Otis 71.2404 87.6200Raytheon 77.3593 76.8744It also listed the following in the capital gains/losses list:Open Adj. Close Adj.Quantity Date Cost Date Proceeds
RTX RAYTHEON TECHNOLOGIES CORPO CIL Exact.FIFO 0.696 09/20/17 43.99 04/08/20 42.59 -1.40 -3.18 Long On Friday, October 9, 2020, 10:56:22 AM CDT, Laurie Frederiksen <laur
I edited some of my cost basis on their website. Some of the old cost basis is not reported
We transferred Pep and AFL into TDAmeritrade in 2011. The number of shares are correct, but the cost basis isn't. Did TDAmeritrade just put our cost basis at 0 when we transferred the shares? How would I handle this if we sold our shares? Nothing is simple. Lucile SorrellsI am sure Laurie can answer your question, but I would first total the cost basis (# of shares multiplied by per share cost basis) for all three and see if the Bivio and TDA match. It could be a matter of allocation of share numbers. I would also check the number of shares that TDA and Bivio show for each holding. And does Bivio and TDA show the capital gains or just one of them?Peter DunkelbergerFinancial PartnerSumner Stock Selectors Investment ClubNot sure what to do with the following. Our club has TDAmeritrade as our broker so I checked on the cost basis of our shares and everything matched except for 3. We owned Raytheon and when they merged we received 50 shares of Carrier Global Corp (CARR) NON-TAXABLE SPIN OFF/LIQUIDATION DISTRIBUTION, 25 shares of Otis Worldwide Corp (OTIS) NON-TAXABLE SPIN OFF/LIQUIDATION DISTRIBUTION and 76 more shares of Raytheon (RTN) which is now Raytheon Technologies Corp. (RTX) and Cash in lieu of 0.696 shares $42.59 minusMANDATORY REORGANIZATION FEE (755111507) $38.00. When I compared the cost basis in bivio and TDAmeritrade they were as follows:TDAmeritrade bivioCarrier 25.4760 18.2252Otis 71.2404 87.6200Raytheon 77.3593 76.8744It also listed the following in the capital gains/losses list:Open Adj. Close Adj.Quantity Date Cost Date Proceeds
RTX RAYTHEON TECHNOLOGIES CORPO CIL Exact.FIFO 0.696 09/20/17 43.99 04/08/20 42.59 -1.40 -3.18 Long On Friday, October 9, 2020, 10:56:22 AM CDT, Laurie Frederiksen <laur
Okay, exactly where will you go to edit the cost basis?
I edited some of my cost basis on their website. Some of the old cost basis is not reportedWe transferred Pep and AFL into TDAmeritrade in 2011. The number of shares are correct, but the cost basis isn't. Did TDAmeritrade just put our cost basis at 0 when we transferred the shares? How would I handle this if we sold our shares? Nothing is simple. Lucile SorrellsI am sure Laurie can answer your question, but I would first total the cost basis (# of shares multiplied by per share cost basis) for all three and see if the Bivio and TDA match. It could be a matter of allocation of share numbers. I would also check the number of shares that TDA and Bivio show for each holding. And does Bivio and TDA show the capital gains or just one of them?Peter DunkelbergerFinancial PartnerSumner Stock Selectors Investment ClubNot sure what to do with the following. Our club has TDAmeritrade as our broker so I checked on the cost basis of our shares and everything matched except for 3. We owned Raytheon and when they merged we received 50 shares of Carrier Global Corp (CARR) NON-TAXABLE SPIN OFF/LIQUIDATION DISTRIBUTION, 25 shares of Otis Worldwide Corp (OTIS) NON-TAXABLE SPIN OFF/LIQUIDATION DISTRIBUTION and 76 more shares of Raytheon (RTN) which is now Raytheon Technologies Corp. (RTX) and Cash in lieu of 0.696 shares $42.59 minusMANDATORY REORGANIZATION FEE (755111507) $38.00. When I compared the cost basis in bivio and TDAmeritrade they were as follows:TDAmeritrade bivioCarrier 25.4760 18.2252Otis 71.2404 87.6200Raytheon 77.3593 76.8744It also listed the following in the capital gains/losses list:Open Adj. Close Adj.Quantity Date Cost Date Proceeds
RTX RAYTHEON TECHNOLOGIES CORPO CIL Exact.FIFO 0.696 09/20/17 43.99 04/08/20 42.59 -1.40 -3.18 Long On Friday, October 9, 2020, 10:56:22 AM CDT, Laurie Frederiksen <laur
Same place where you found TDAmeritrade cost basis. There is an edit button on the page
Okay, exactly where will you go to edit the cost basis?I edited some of my cost basis on their website. Some of the old cost basis is not reportedWe transferred Pep and AFL into TDAmeritrade in 2011. The number of shares are correct, but the cost basis isn't. Did TDAmeritrade just put our cost basis at 0 when we transferred the shares? How would I handle this if we sold our shares? Nothing is simple. Lucile SorrellsI am sure Laurie can answer your question, but I would first total the cost basis (# of shares multiplied by per share cost basis) for all three and see if the Bivio and TDA match. It could be a matter of allocation of share numbers. I would also check the number of shares that TDA and Bivio show for each holding. And does Bivio and TDA show the capital gains or just one of them?Peter DunkelbergerFinancial PartnerSumner Stock Selectors Investment ClubNot sure what to do with the following. Our club has TDAmeritrade as our broker so I checked on the cost basis of our shares and everything matched except for 3. We owned Raytheon and when they merged we received 50 shares of Carrier Global Corp (CARR) NON-TAXABLE SPIN OFF/LIQUIDATION DISTRIBUTION, 25 shares of Otis Worldwide Corp (OTIS) NON-TAXABLE SPIN OFF/LIQUIDATION DISTRIBUTION and 76 more shares of Raytheon (RTN) which is now Raytheon Technologies Corp. (RTX) and Cash in lieu of 0.696 shares $42.59 minusMANDATORY REORGANIZATION FEE (755111507) $38.00. When I compared the cost basis in bivio and TDAmeritrade they were as follows:TDAmeritrade bivioCarrier 25.4760 18.2252Otis 71.2404 87.6200Raytheon 77.3593 76.8744It also listed the following in the capital gains/losses list:Open Adj. Close Adj.Quantity Date Cost Date Proceeds
RTX RAYTHEON TECHNOLOGIES CORPO CIL Exact.FIFO 0.696 09/20/17 43.99 04/08/20 42.59 -1.40 -3.18 Long On Friday, October 9, 2020, 10:56:22 AM CDT, Laurie Frederiksen <laur
If I were looking into this I would get the last statement from the previous broker and find out what their cost basis was for the shares before I transferred them. I then I would contact TD Ameritrade and find out why they do not have a cost basis for your shares.
Peter Dunkelberger
Summer Stock Selectors Investment Club
We transferred Pep and AFL into TDAmeritrade in 2011. The number of shares are correct, but the cost basis isn't. Did TDAmeritrade just put our cost basis at 0 when we transferred the shares? How would I handle this if we sold our shares? Nothing is simple. Lucile SorrellsI am sure Laurie can answer your question, but I would first total the cost basis (# of shares multiplied by per share cost basis) for all three and see if the Bivio and TDA match. It could be a matter of allocation of share numbers. I would also check the number of shares that TDA and Bivio show for each holding. And does Bivio and TDA show the capital gains or just one of them?Peter DunkelbergerFinancial PartnerSumner Stock Selectors Investment ClubNot sure what to do with the following. Our club has TDAmeritrade as our broker so I checked on the cost basis of our shares and everything matched except for 3. We owned Raytheon and when they merged we received 50 shares of Carrier Global Corp (CARR) NON-TAXABLE SPIN OFF/LIQUIDATION DISTRIBUTION, 25 shares of Otis Worldwide Corp (OTIS) NON-TAXABLE SPIN OFF/LIQUIDATION DISTRIBUTION and 76 more shares of Raytheon (RTN) which is now Raytheon Technologies Corp. (RTX) and Cash in lieu of 0.696 shares $42.59 minusMANDATORY REORGANIZATION FEE (755111507) $38.00. When I compared the cost basis in bivio and TDAmeritrade they were as follows:TDAmeritrade bivioCarrier 25.4760 18.2252Otis 71.2404 87.6200Raytheon 77.3593 76.8744It also listed the following in the capital gains/losses list:Open Adj. Close Adj.Quantity Date Cost Date Proceeds
RTX RAYTHEON TECHNOLOGIES CORPO CIL Exact.FIFO 0.696 09/20/17 43.99 04/08/20 42.59 -1.40 -3.18 Long On Friday, October 9, 2020, 10:56:22 AM CDT, Laurie Frederiksen <laur
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On Sat, Oct 10, 2020 at 5:17 PM Peter Dunkelberger via bivio.com <user*26984900001@bivio.com> wrote:
If I were looking into this I would get the last statement from the previous broker and find out what their cost basis was for the shares before I transferred them. I then I would contact TD Ameritrade and find out why they do not have a cost basis for your shares.Peter DunkelbergerSummer Stock Selectors Investment ClubWe transferred Pep and AFL into TDAmeritrade in 2011. The number of shares are correct, but the cost basis isn't. Did TDAmeritrade just put our cost basis at 0 when we transferred the shares? How would I handle this if we sold our shares? Nothing is simple. Lucile SorrellsI am sure Laurie can answer your question, but I would first total the cost basis (# of shares multiplied by per share cost basis) for all three and see if the Bivio and TDA match. It could be a matter of allocation of share numbers. I would also check the number of shares that TDA and Bivio show for each holding. And does Bivio and TDA show the capital gains or just one of them?Peter DunkelbergerFinancial PartnerSumner Stock Selectors Investment ClubNot sure what to do with the following. Our club has TDAmeritrade as our broker so I checked on the cost basis of our shares and everything matched except for 3. We owned Raytheon and when they merged we received 50 shares of Carrier Global Corp (CARR) NON-TAXABLE SPIN OFF/LIQUIDATION DISTRIBUTION, 25 shares of Otis Worldwide Corp (OTIS) NON-TAXABLE SPIN OFF/LIQUIDATION DISTRIBUTION and 76 more shares of Raytheon (RTN) which is now Raytheon Technologies Corp. (RTX) and Cash in lieu of 0.696 shares $42.59 minusMANDATORY REORGANIZATION FEE (755111507) $38.00. When I compared the cost basis in bivio and TDAmeritrade they were as follows:TDAmeritrade bivioCarrier 25.4760 18.2252Otis 71.2404 87.6200Raytheon 77.3593 76.8744It also listed the following in the capital gains/losses list:Open Adj. Close Adj.Quantity Date Cost Date Proceeds
RTX RAYTHEON TECHNOLOGIES CORPO CIL Exact.FIFO 0.696 09/20/17 43.99 04/08/20 42.59 -1.40 -3.18 Long On Friday, October 9, 2020, 10:56:22 AM CDT, Laurie Frederiksen <laur
We had same problem with transferring TJX and it's many splits from Buy and Hold to TD. TD has the wrong cost . TD told me they have to use cost on day of transfer if not provided by transferring Broker or proof of cost from client. TD needed the original confirmation of purchase to correct the account.
Cindy Gerke
Coles River Investment Group.
We transferred Pep and AFL into TDAmeritrade in 2011. The number of shares are correct, but the cost basis isn't. Did TDAmeritrade just put our cost basis at 0 when we transferred the shares? How would I handle this if we sold our shares? Nothing is simple. Lucile SorrellsI am sure Laurie can answer your question, but I would first total the cost basis (# of shares multiplied by per share cost basis) for all three and see if the Bivio and TDA match. It could be a matter of allocation of share numbers. I would also check the number of shares that TDA and Bivio show for each holding. And does Bivio and TDA show the capital gains or just one of them?Peter DunkelbergerFinancial PartnerSumner Stock Selectors Investment ClubNot sure what to do with the following. Our club has TDAmeritrade as our broker so I checked on the cost basis of our shares and everything matched except for 3. We owned Raytheon and when they merged we received 50 shares of Carrier Global Corp (CARR) NON-TAXABLE SPIN OFF/LIQUIDATION DISTRIBUTION, 25 shares of Otis Worldwide Corp (OTIS) NON-TAXABLE SPIN OFF/LIQUIDATION DISTRIBUTION and 76 more shares of Raytheon (RTN) which is now Raytheon Technologies Corp. (RTX) and Cash in lieu of 0.696 shares $42.59 minusMANDATORY REORGANIZATION FEE (755111507) $38.00. When I compared the cost basis in bivio and TDAmeritrade they were as follows:TDAmeritrade bivioCarrier 25.4760 18.2252Otis 71.2404 87.6200Raytheon 77.3593 76.8744It also listed the following in the capital gains/losses list:Open Adj. Close Adj.Quantity Date Cost Date Proceeds
RTX RAYTHEON TECHNOLOGIES CORPO CIL Exact.FIFO 0.696 09/20/17 43.99 04/08/20 42.59 -1.40 -3.18 Long On Friday, October 9, 2020, 10:56:22 AM CDT, Laurie Frederiksen <laur
I just got off the phone with TD, the woman told me how to change the cost basis on the day of transfer. Haven't had time to try it yet, but it seemed pretty straightforward
We had same problem with transferring TJX and it's many splits from Buy and Hold to TD. TD has the wrong cost . TD told me they have to use cost on day of transfer if not provided by transferring Broker or proof of cost from client. TD needed the original confirmation of purchase to correct the account.Cindy GerkeColes River Investment Group.We transferred Pep and AFL into TDAmeritrade in 2011. The number of shares are correct, but the cost basis isn't. Did TDAmeritrade just put our cost basis at 0 when we transferred the shares? How would I handle this if we sold our shares? Nothing is simple. Lucile SorrellsI am sure Laurie can answer your question, but I would first total the cost basis (# of shares multiplied by per share cost basis) for all three and see if the Bivio and TDA match. It could be a matter of allocation of share numbers. I would also check the number of shares that TDA and Bivio show for each holding. And does Bivio and TDA show the capital gains or just one of them?Peter DunkelbergerFinancial PartnerSumner Stock Selectors Investment ClubNot sure what to do with the following. Our club has TDAmeritrade as our broker so I checked on the cost basis of our shares and everything matched except for 3. We owned Raytheon and when they merged we received 50 shares of Carrier Global Corp (CARR) NON-TAXABLE SPIN OFF/LIQUIDATION DISTRIBUTION, 25 shares of Otis Worldwide Corp (OTIS) NON-TAXABLE SPIN OFF/LIQUIDATION DISTRIBUTION and 76 more shares of Raytheon (RTN) which is now Raytheon Technologies Corp. (RTX) and Cash in lieu of 0.696 shares $42.59 minusMANDATORY REORGANIZATION FEE (755111507) $38.00. When I compared the cost basis in bivio and TDAmeritrade they were as follows:TDAmeritrade bivioCarrier 25.4760 18.2252Otis 71.2404 87.6200Raytheon 77.3593 76.8744It also listed the following in the capital gains/losses list:Open Adj. Close Adj.Quantity Date Cost Date Proceeds
RTX RAYTHEON TECHNOLOGIES CORPO CIL Exact.FIFO 0.696 09/20/17 43.99 04/08/20 42.59 -1.40 -3.18 Long On Friday, October 9, 2020, 10:56:22 AM CDT, Laurie Frederiksen <laur
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I just got off the phone with TD, the woman told me how to change the cost basis on the day of transfer. Haven't had time to try it yet, but it seemed pretty straightforwardWe had same problem with transferring TJX and it's many splits from Buy and Hold to TD. TD has the wrong cost . TD told me they have to use cost on day of transfer if not provided by transferring Broker or proof of cost from client. TD needed the original confirmation of purchase to correct the account.Cindy GerkeColes River Investment Group.We transferred Pep and AFL into TDAmeritrade in 2011. The number of shares are correct, but the cost basis isn't. Did TDAmeritrade just put our cost basis at 0 when we transferred the shares? How would I handle this if we sold our shares? Nothing is simple. Lucile SorrellsI am sure Laurie can answer your question, but I would first total the cost basis (# of shares multiplied by per share cost basis) for all three and see if the Bivio and TDA match. It could be a matter of allocation of share numbers. I would also check the number of shares that TDA and Bivio show for each holding. And does Bivio and TDA show the capital gains or just one of them?Peter DunkelbergerFinancial PartnerSumner Stock Selectors Investment ClubNot sure what to do with the following. Our club has TDAmeritrade as our broker so I checked on the cost basis of our shares and everything matched except for 3. We owned Raytheon and when they merged we received 50 shares of Carrier Global Corp (CARR) NON-TAXABLE SPIN OFF/LIQUIDATION DISTRIBUTION, 25 shares of Otis Worldwide Corp (OTIS) NON-TAXABLE SPIN OFF/LIQUIDATION DISTRIBUTION and 76 more shares of Raytheon (RTN) which is now Raytheon Technologies Corp. (RTX) and Cash in lieu of 0.696 shares $42.59 minusMANDATORY REORGANIZATION FEE (755111507) $38.00. When I compared the cost basis in bivio and TDAmeritrade they were as follows:TDAmeritrade bivioCarrier 25.4760 18.2252Otis 71.2404 87.6200Raytheon 77.3593 76.8744It also listed the following in the capital gains/losses list:Open Adj. Close Adj.Quantity Date Cost Date Proceeds
RTX RAYTHEON TECHNOLOGIES CORPO CIL Exact.FIFO 0.696 09/20/17 43.99 04/08/20 42.59 -1.40 -3.18 Long On Friday, October 9, 2020, 10:56:22 AM CDT, Laurie Frederiksen <laur
so what cost basis do you use. I was going to change what TD had as our cost basis to what bivio had for that date. Looks like would be correct?
On Mon, Oct 12, 2020 at 11:10 AM Laurie Frederiksen <laurie@bivio.biz> wrote:
The cost on the day of transfer to a new broker is not the correct amount to use for cost basis for an investment clubs holdings.
Laurie Frederiksen
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RTX RAYTHEON TECHNOLOGIES CORPO CIL Exact.FIFO 0.696 09/20/17 43.99 04/08/20 42.59 -1.40 -3.18 Long On Friday, October 9, 2020, 10:56:22 AM CDT, Laurie Frederiksen <laur
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so what cost basis do you use. I was going to change what TD had as our cost basis to what bivio had for that date. Looks like would be correct?On Mon, Oct 12, 2020 at 11:10 AM Laurie Frederiksen <laurie@bivio.biz> wrote:
The cost on the day of transfer to a new broker is not the correct amount to use for cost basis for an investment clubs holdings.
Laurie Frederiksen
Invest with your friends!
www.bivio.com
Become our Facebook friend! www.facebook.com/bivio
Follow us on twitter! www.twitter.com/bivio
Follow Us on Google+
Click here to Subscribe to the Club Cafe email list. Click here to Unsubscribe
RTX RAYTHEON TECHNOLOGIES CORPO CIL Exact.FIFO 0.696 09/20/17 43.99 04/08/20 42.59 -1.40 -3.18 Long On Friday, October 9, 2020, 10:56:22 AM CDT, Laurie Frederiksen <laur