This past July, I had recently quit a job and decided that I wanted to transfer all of my collected RSUs into Robinhood. I ended up selling them shortly after.
Rather than combine the data of my previous stocks and these, it just showed a huge spike in my graph. As if I had acquired these stocks out of nowhere. That felt a little concerning.
I just started doing my taxes, and I noticed that the 1099 has no cost basis. As if I literally acquired these stocks out of nowhere, at $0, rather than transferred them in from another account. Also, the 1099 claimed that I acquired these stocks entirely at once in July of 2018 (when I transferred it in), when I actually acquired the stocks at different times since 2017 on my previous account.
All of this resulted in my net gains being $25,000 short term, rather $10,000 somewhat long term. Now I'm getting taxed thousands more than I should be, and I need help. I sent out an email about the bug, and now I'll have to patiently wait.
Submitted March 21, 2019 at 08:45AM by absentbrain https://ift.tt/2OfKm2p
