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Purchase date for stocks that were purchased many times


wob456

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Hi,

I'm sure this has been answered but can't find in a search.

I've purchased a stock many times over the years but sold it this year. I know adjusted cost base etc. In the relevant window for  recording "Stock, mutual fund ..." sales, there's a line for "Date of Acquisition". What do I enter here if there's multiple dates the stock was purchased?

Thanks

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  • 3 months later...

When you've bought the same stock at different times, the key is to check the purchase dates for each transaction. Most brokerage platforms will show you a list of your trades with dates, so you can see exactly when you bought each batch of shares.

If you're looking for a simplified view, some platforms might average out the dates or costs, but it's best to rely on the actual transaction records. It’s super important for calculating accurate gains or losses come tax time, right? Just go through your transaction history, and you should find what you need.

On another note, I've been exploring different resources and stumbled upon proptraderhub.com. They have some cool insights and tips on managing trades and stocks. Might be worth checking out if you're into trading and want to learn more. Anyway, hope that helps and good luck with your stock tracking!

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  • 4 weeks later...
On 2/25/2024 at 8:12 PM, wob456 said:

Hi,

I'm sure this has been answered but can't find in a search.

I've purchased a stock many times over the years but sold it this year. I know adjusted cost base etc. In the relevant window for  recording "Stock, mutual fund ..." sales, there's a line for "Date of Acquisition". What do I enter here if there's multiple dates the stock was purchased?

Thanks

Hi,

If you've purchased the stock on multiple dates, you'll need to use the average cost method for calculating your adjusted cost base. For the "Date of Acquisition" field, enter the date of each purchase you made. In some systems, you might be able to list all relevant dates or choose the date closest to your sale. Ensure you keep detailed records for each purchase and their costs to accurately calculate your gains or losses.

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