What happens if my other firm doesn’t provide cost basis? How do I provide cost basis?


If your shares are covered we can only accept the cost basis directly from your previous firm. Contact your previous firm and ask them to send your cost basis to Wealthfront through the Cost Basis Reporting Service (CBRS). If your previous firm cannot send your cost basis through the CBRS, have them email your cost basis to (note that email will take longer for us to update your cost basis).

If your shares are noncovered you can report your cost basis to us directly. Upload a spreadsheet with the following information for each of your investment purchases (or each “tax lot”):

  • The ticker symbol of the investment
  • The number of shares you purchased
  • The date you purchased those shares
  • The price you paid for those shares (including any adjustments)

Upload the spreadsheet to your account here. We’ll update your cost basis and email you when the update is complete. We'll use the cost basis you provided to trade, but please note that all clients are responsible for verifying the accuracy of the cost basis when filing taxes.



Was this article helpful?

This communication has been prepared solely for informational purposes only. Nothing in this communication should be construed as an offer, recommendation, or solicitation to buy or sell any security or a financial product. Any links provided to other server sites are offered as a matter of convenience and are not intended to imply that Wealthfront or its affiliates endorses, sponsors, promotes and/or is affiliated with the owners of or participants in those sites, or endorses any information contained on those sites, unless expressly stated otherwise.

Wealthfront offers a free software-based financial advice engine that delivers automated financial planning tools to help users achieve better outcomes. Investment management and advisory services are provided by Wealthfront Advisers LLC, an SEC registered investment adviser, and brokerage related products are provided by Wealthfront Brokerage LLC, a member of FINRA/SIPC.

Wealthfront, Wealthfront Advisers and Wealthfront Brokerage are wholly owned subsidiaries of Wealthfront Corporation.

© 2020 Wealthfront Corporation. All rights reserved.