Cost Base Adjustment Display

Sharesight features
1

Hi all, I’m reviewing last FY’s Vanguard distributions and noticed something about how cost base adjustments are displayed. This is from the Vanguard statement showing a cost base increase:

tax-statement-cost-base

Here’s what that looks like when editing the distribution. I didn’t enter that number myself, it was pre-filled by the platform:

distribution-edit
distribution-edit228×123 5.51 KB

So far, so good. Both showing a cost base increase in the same amount. What confuses me is how it’s displayed on the distribution list page: red font and negative number, which to me looks like a decrease in cost base. What am I missing?

distribution-list
distribution-list630×131 9.03 KB

2

Just reviving this thread and hopefully someone from Sharesight can confirm / clarify my understanding if it is incorrect.

The reason the Cost Base increase is negative in the distributions list is to account for the difference between the “Gross Payment” and the “Net (Cash) Payment”. It isn’t clearly explained anywhere, but I worked out by doing some calculations from my end-of-year AMIT statements that your “Gross or Attributed Distribution” = “Net (Cash) Distribution” + “Franking Credits” + “Foreign Tax Offsets” +/- “AMIT Cost Base Adjustment”