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Author: tangofan Three stars, 500 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121219  
Subject: Re: Exchange rates and cost basis of foreign sto Date: 3/3/2014 1:55 AM
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If all of the 1099B information is slightly less than your calculations, I would suspect that your broker is deducting the commission and any other selling costs from the sales proceeds. That is the most common way brokers report their 1099B information.

If some are higher and some are lower, then I'd suspect exchange rates


Hi Peter,

It's not due to commissions, because the 1099s all state that the sales price is less commissions. Furthermore I applied commissions as well in my calculations (subtracting them from the sales proceeds and adding them to the purchase price).

And most important: some sales prices indeed are higher and some are lower, that's why I was suspecting exchange rates as well.

So - going with the assumption that this is due to exchange rates - which of the methods I suggested (or perhaps a completely different) one, do you suggest that I use?

Thank you & best regards,
Bernhard
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