UH . . . cost basis of . . . stocks, bonds, mutual funds, cash value life insurance, annuities, 401(k) plan, 403(b) plan, IRA . . . get the point?
You have not asked a question that can be answered without additional information.
Posted: Wed Aug 18, 2010 01:21 pm Post Subject:
bb4putt, you're missing out on some information. We have people who can help you if you be a bit specific in this regard.
Posted: Thu Aug 19, 2010 03:35 am Post Subject:
We can give a general answer since this sort of question has wide applicability. If we're talking about a 401k or traditional IRA, then there is no cost basis.
If we're talking about annuities, life insurance, or general investments, the cost basis is whatever you contribute, so yes it can change as you put in more money.
On the same token, for general brokerage account investments, the cost basis can change in certain inheritence situations (Note: please seek out the professional advice of a tax professional and your personal financial advisor for more information on this situation, none of the contributors here participate in providing inevestment advice due to regulatory restrictions).
Posted: Wed Aug 18, 2010 01:21 am Post Subject:
UH . . . cost basis of . . . stocks, bonds, mutual funds, cash value life insurance, annuities, 401(k) plan, 403(b) plan, IRA . . . get the point?
You have not asked a question that can be answered without additional information.
Posted: Wed Aug 18, 2010 01:21 pm Post Subject:
bb4putt, you're missing out on some information. We have people who can help you if you be a bit specific in this regard.
Posted: Thu Aug 19, 2010 03:35 am Post Subject:
We can give a general answer since this sort of question has wide applicability. If we're talking about a 401k or traditional IRA, then there is no cost basis.
If we're talking about annuities, life insurance, or general investments, the cost basis is whatever you contribute, so yes it can change as you put in more money.
On the same token, for general brokerage account investments, the cost basis can change in certain inheritence situations (Note: please seek out the professional advice of a tax professional and your personal financial advisor for more information on this situation, none of the contributors here participate in providing inevestment advice due to regulatory restrictions).
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