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Phillips 66 Message Board

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  • invest_2_bsecure invest_2_bsecure May 16, 2012 10:55 AM Flag

    Cost base calculation for COP and PSX

    FYI: For those of you who received PSX shares in the spinoff and who have those shares in a Scottrade account, then Scottrade has automatically calculated the cost basis of the PSX shares. I suspect that other brokerages have done something similar. You don't have to calculate the cost basis of your COP/PSX shares, it's already been done for you. You can check your Scottrade account for the basis, whether or not you sold your PSX shares already.

    1. Login to Scottrade
    2. Select "My Account"
    3. Select "Gain/Loss & Tax Center" link in the left menu
    4. Scroll over "Gain/Loss Reports"
    a. If you have already sold your PSX select "Current Year
    Realized Gain/Loss"
    b. If you haven't sold your PSX select "Unrealized Gain Loss"

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    • I believe this is a dead horse. It is what 2 weeks or so since the spin. If you have not figured out how to do your cost basis,you never will or you may not be interested, or you were never good at math. The information has been posted and discussed over and over and over and over. Enough already! How many times do you need to hear the instruction's? They are NOT CHANGING!

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