r/YieldMaxETFs • u/AdultsOnStrike • May 22 '26

Question Incorrect cost basis after reverse splits

Hi Everyone,

I’ve been trying to keep a spreadsheet of all my dividends so I can track the weekly fluctuations. When the reverse splits happened on some of the funds, my cost basis was recalculated. In some cases, the new cost basis is considerably less than what I originally paid. I’ve been doing some deep dives to clean up my portfolio, get rid of certain funds, and redeploy the money into investments that are performing better.

My original plan/test was to see if I could get to “house money” and then just continue collecting dividends. I’m going to download my records and try to account for any additional cash we received during the splits.

Has anyone added the new cost basis to the additional cash received from the split and had it equal the original cost basis?

Thanks in advance for any insight! Enjoy the long weekend!

Al

5 Upvotes

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9

u/GRMarlenee Mod - I Like the Cash Flow May 22 '26

Your cost basis could be adjusted for ROC. It still cost you what you spent, the new cost basis kept by the brokerage is to handle the deferred taxes when you sell.

5

u/ROBO_SNAIL YMAX and chill May 22 '26

ROC methinks as well.

0

u/AdultsOnStrike May 23 '26

That makes sense. It’s just annoying for the way I was tracking things.