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How does one adjust the basis of an investment without affecting the cash balance in the account?

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  • NotACPA
    NotACPA SuperUser, Windows Beta Beta
    The Basis for any lot of a security is created at the time you purchase that lot.
    IF you've sold some shares of the security (but not all) your basis will be reduced by those sales.  IF you picked one lot to sale, and your broker chose another (probably FIFO) then your cost basis in Q will differ from what the brokerage reports.
    The most accurate way to remedy this is to go back and review ALL sales of the security and adjust them to using the same lots as what the brokerage used.
    Q user since DOS version 5
    Now running Quicken Windows Subscription,  Home & Business
    Retired "Certified Information Systems Auditor" & Bank Audit VP
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