Cost Basis Changes After Transfer

Cost Basis Changes After Transfer

When you transfer securities to Moomoo Financial, you can choose whether to fill in the cost basis. If the cost basis is not filled out, the closing price on the previous trading day before the securities are deposited into your Moomoo account will be used as the cost basis. If you fill in the cost basis, the number you input will be listed as your cost basis.

Keep In Mind:

Your profit or loss will not be affected by the cost basis of your positions listed in the app and your actual cost basis will be shown in your tax documents.

Moomoo is a professional trading app offered by Moomoo Technologies Inc. In the U.S., investment products and services on moomoo are offered by Moomoo Financial Inc., Member FINRA/SIPC.

Any illustrations, scenarios, or specific securities referenced herein are strictly for illustrative purposes. Past investment performance does not guarantee future results. Investing involves risk and the potential to lose principal.