Suggestions

:speech_balloon:

Ability to enter cost basis as dollars (instead of percentages)

To better model taxes (capital gains vs income), eligibility for early withdrawal for Roth accounts, etc. accounts should have an understanding the cost basis and time of contribution.

I believe that the Roth ladder suggestion covers some of this, however, a more generic implementation would support taxable accounts with drips or regular contributions, dynamically changing whats currently modeled as a percentage of account value as progress updates are made, etc.

20 votes

Tagged as Suggestion

Suggested 20 January by user omega7419

  • Sign in to comment and vote. Sign in by email
  • 20 January omega7419 suggested this task

  • 21 January Kyle Nolan approved this task

  • avatar

    Yes please. It stresses me out some that this is not supported. Why can I enter basis for the home I will sell but not my taxable stocks? I have a $1mm capital gains loss carryover: I would model that by raising my basis, for example.

    29 May
  • avatar

    This would be a very nice improvement! I only know cost basis for investments as dollars. I have to calculate the percentage. And every time I update the balance, I have to remember to go adjust the cost basis percentage. It would be nice to fix it in dollars so that it only needs to be updated when you have transactions that affect the cost basis.

    This will be particularly valuable for Roth IRAs/401ks where the “cost basis” is actually used as the “contribution” figure. Again, it’s a fixed dollar amount that only changes when you make new contributions, so dollars is more appropriate than percentages.

    In fact, I’m struggling to think of a scenario where it would make more sense to use percentages than dollar values (though I surely could be overlooking scenarios, too).

    08 June
  • avatar

    I agree this would be a very helpful enhancement. It would minimize the amount of upkeep required for certain scenarios. For example, say my account has an initial value of $1,000 and a cost basis of $800. I’d enter 80% for “Starting Cost Basis %”. Say 6 months later my account has a value of $1,200 (and still has a cost basis of $800). I’d update the new value to $1,200. But to keep my account accurate, I’d also have to update my “Starting Cost Basis %” to 66.7% ($800/$1,200). Ideally, I’d like to enter the cost basis of $800 once and not have to constantly change the % every time I revise the account balance. (And only revise the cost basis amount only when it changes). Thank you.

    14 September