u/turbokiwi

Found this little lady headed home from work on Tuesday

I was headed north on 385 coming home on Tuesday and passed what I thought looked like a kitten standing on the shoulder near the Bridges Rd exit, half in the grass, half on the pavement. I had already driven a ways past her when I decided that it definitely WAS a cat, so I had to exit, double back, and then come back down 385. Thankfully she was still there and hadn't wandered into traffic. I nabbed her, put her up for the night in my bathroom, and she is now living happily with a friend who wanted a kitten. Nothing super thrilling, just thought it was crazy to find her on the highway of all places.

u/turbokiwi — 1 day ago

▲ 2 r/fidelityinvestments

I was gifted/given control of an account, what date do I use for the cost basis of the stocks?

Hi all,

I'm not a super experienced trader or anything, so please excuse me if I leave out any important info.

My grandpa had set up a UTMA (I believe this is the correct term) account for me when I was little, and he contributed to it over the years. I was given control of it in 2020. At this point the account became(?) a standard brokerage account.

I've sold some from it periodically and noticed that on my 1099 these transactions fall under "Transactions for which basis is not reported to the IRS and Term is Unknown". I'm trying to figure out what cost basis to report on my taxes, should I use the basis from the date that I was given control of the account? Or should I try to figure out what the basis was when my grandpa bought the stocks?

reddit.com

u/turbokiwi — 2 months ago