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April 16, 2022
Question

Do brokers (tdameritrade, etrade) adjust cost basis for DRIP or is that something that I should do (if so how can I override broker's cost basis?)

  • April 16, 2022
  • 1 reply
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1 reply

fanfare
Employee
April 16, 2022

IRS requires the brokers to track your basis in shares acquired after 2011.

 

If you switch brokers, your cost basis information may be lost.

See IRS Pub 550 Chapter 4 if you want to track this yourself.