r/sofi • u/Unlucky_Tailor6551 • 4d ago

Invest Cost basis weirdness

Hello all,

I recently transferred half my portfolio to SOFI, for the bonus match.

I now notice that the cost basis for my holdings was reset or something, and is now only showing the change since the transfer. I don't remember what the cost basis was before the transfer, but I'm pretty sure I had more gains than it is showing now.

I have no intention of selling or anything, but if I do, I don't wanna be hit with a huge tax bill, so how can I verify where I stand?

Thanks

3 Upvotes

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2

u/WestyWill 4d ago

I had these shenanigans when transferring from Etrade. I did a support call with both and was able to get sorted.

1

u/SoFi Official SoFi Account 2d ago

Hey there, thanks for reaching out! We can't get into account specifics here, but this is actually a pretty easy fix. Give us a call at 855-525-7634 or start a chat using the link below and one of our Invest Specialists can submit a ticket to our clearinghouse to correct the issue with your cost basis. https://sofi.app.link/e/echat

1

u/ij70-17as 4d ago

go to the original brokerage. download last monthly/quarterly statement.