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.

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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!

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3

Sorry for the delay. I will in due course.

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