Consolidation negatively affects Cost Base.

Reporting & tax
1

Late AUG 2022 I had a US stock have a consolidation of 5:1.

ie: from 500 to 100 stocks.

From all reading I have done, the cost base should remain the same but Sharesight took the cost base from $3864.35 down to $3818.09 effectively having a ~2% error.

Manually removing and adding the Consolidation and checking the cost base each time, shows the figures changing.

*** You have a problem with Consolidations affecting the cost base. ***

Please let me know if you require any more information.

Thanks in advance.

1 Like
2

Hi @mce are you able to send us a chat or email (support@sharesight.co.nz) and give us the details i.e holding name so we can have a look? Thanks!

1 Like
3

Sorry for the delay. I will in due course.

1 Like
4

I have an issue with HIVE consolidation. The holding shows two lots of consolidation basically dropping my holdings down by a lot without any increase in their value?strong text

5

Hi @bwahlee could you please check if this has been resolved in your account? If you are still experiencing any issues, please get in touch with us via chat or email (support@sharesight.com)