Welcome to the forum.I opened a Vanguard brokerage account in 2020 and bought VTSAX whenever I had extra money. I never paid attention to the cost basis method because I assumed (without thinking about it) that Vanguard would keep track of when I put money in and what the cost basis was. I am now trying to make a donation of appreciated assets to a college. Last week I went into my account and believe the cost basis method was set to "Average Cost." It seemed like I needed to switch it to "Specific Identification" so I could decide which lots to donate. I called Vanguad support, and they weren't super helpful.
Now, when I log in click "show lot details" they all have the exact same percent gain/loss, which I know is not true.
Is there a way that I can display my lots by the price that I paid for them and give the ones that have appreciated the most? Did I make a mistake by not selecting "specific ID" when I set up this account 4 years ago?
Thank you for your help.
CCSS
To set your cost basis method to SpecID try the following...
1. Once you're logged in to Vanguard, click the little head & shoulders icon for "Profile".
2. Then, navigate to the "Accounts & trading" tab on that screen.
3. Then, look for "Cost basis method".
4. Once there, use the drop-down box to select your preferred method.
5. Then, give it a day or two to actually take hold in the Vanguard back-end systems. It probably won't be instant.
Regards,
Statistics: Posted by retired@50 — Tue Dec 03, 2024 9:01 am — Replies 1 — Views 43