Hello,
I hope I'm posting in the right section. I created this account years back, posted maybe once but haven't in a long time..if there's a better section to post, please let me know..
Ok so I've been looking up Cost Basis since I may need to sell some stocks...some I had long before I transferred these mutual funds to my online broker account...and the online broker never bothered to keep the cost basis (funny how they were telling everyone how "we're in the 21st century! go online! the virtual world is great! high technology!" but never bothered to keep the cost basis)
Well no harm was done since I looked up the old mutual fund, and, after some work, finally got the numbers from them...another one, another old mutual fund, I don't have the numbers back but they cooperated and said they will send to me..
But this one old mutual fund, claims they don't have it. I can give you the longer story for entertainment (or for me to vent...) but they claim they don't have it...they are wrong on so many levels:
1. they say ask the online broker...who of course doesn't have it for any mutual fund
2. they say they don't have it but, about 18 months ago, I called this same mutual fund and they gave me cost basis for a few other funds (not the fund I need it for now..I had several funds with them) so they can't even pretend they never had it..
I call and I get "we'll look into it" and "we'll call you back" and then "call us" and I call and I get back to 1 or back to "we never had it, we never kept it" (even though 18 months ago they had it, while my shares were transferred in 2008 or so, to the online broker, yet the Mutual Fund had my into still in 2013 but in 2015, for the last fund I need info for...they claim "we never had that into, ask the online broker") and on and on...there are a few chapters more of silliness but this is probably already more detailed than you need to know...
Probably they lost it and don't want to admit (they did buy out another company that originally had the funds, and maybe got the Cost Basis for all the mutual funds except this one single fund from the old company)..
whatever the reason, I wonder, first, what my options are? and two, if I can't find anything, what should I do when I file my 1040 for the year (which might be 2015) when I do sell, what does IRS accept? reasonable fair guesses?
Thanks!
I hope I'm posting in the right section. I created this account years back, posted maybe once but haven't in a long time..if there's a better section to post, please let me know..
Ok so I've been looking up Cost Basis since I may need to sell some stocks...some I had long before I transferred these mutual funds to my online broker account...and the online broker never bothered to keep the cost basis (funny how they were telling everyone how "we're in the 21st century! go online! the virtual world is great! high technology!" but never bothered to keep the cost basis)
Well no harm was done since I looked up the old mutual fund, and, after some work, finally got the numbers from them...another one, another old mutual fund, I don't have the numbers back but they cooperated and said they will send to me..
But this one old mutual fund, claims they don't have it. I can give you the longer story for entertainment (or for me to vent...) but they claim they don't have it...they are wrong on so many levels:
1. they say ask the online broker...who of course doesn't have it for any mutual fund
2. they say they don't have it but, about 18 months ago, I called this same mutual fund and they gave me cost basis for a few other funds (not the fund I need it for now..I had several funds with them) so they can't even pretend they never had it..
I call and I get "we'll look into it" and "we'll call you back" and then "call us" and I call and I get back to 1 or back to "we never had it, we never kept it" (even though 18 months ago they had it, while my shares were transferred in 2008 or so, to the online broker, yet the Mutual Fund had my into still in 2013 but in 2015, for the last fund I need info for...they claim "we never had that into, ask the online broker") and on and on...there are a few chapters more of silliness but this is probably already more detailed than you need to know...
Probably they lost it and don't want to admit (they did buy out another company that originally had the funds, and maybe got the Cost Basis for all the mutual funds except this one single fund from the old company)..
whatever the reason, I wonder, first, what my options are? and two, if I can't find anything, what should I do when I file my 1040 for the year (which might be 2015) when I do sell, what does IRS accept? reasonable fair guesses?
Thanks!