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Position Transfer Basis

The Position Transfer Basis page lets you specify the cost basis for positions transferred into your IB account using ACATS (Automated Customer Account Transfer Service), ATON (Account Transfer Online Notification) or Free of Payment (FOP). Under the FIFO cost basis accounting method, a closing transaction is matched with the cost basis of the earliest transaction in the position to determine realized profit or loss. The FIFO cost basis method is used throughout the US for stocks, security options, single stock futures and Forex.

Who Can Access the Position Transfer Basis Page?

You can access this page if you are a(n):

• Individual, Joint, Trust or IRA Account User
• Small Business Account User
• Friends and Family Master or Client User
• Advisor Master User Individual
• Advisor Master User Organization
• Advisor Client User Individual
• Advisor Client User Organization
• Proprietary Trading Group Master User
• Proprietary Trading Group Sub User
• Broker Master User (master account only)
• Broker Fully Disclosed Client User
• Broker Fully Disclosed Client User Organization
• Investment Manager Master User
• Fund

To specify the position transfer basis for an ACATS, ATONS or FOP transfer

1. Click Report Management in the left pane, then click Position Transfer Basis.
   
   You can run this report only if you have eligible ACATS, ATON or FOP transactions. If there are no eligible transactions, the page displays a message to that effect. Clicking Back displays the Account Management Home page for your account, and displays any pending items.
   
   If there are eligible transactions, the following page opens:

2. Select a transfer date from the list, then click Continue.
   
   A page that displays all the tax lots for the position appears.

3. Update the cost basis for each tax lot your ACATS, ATON or FOP transfer. You can enter the cost basis information for non-covered securities only.

• Enter the number of shares or contracts for the position in the Quantity field.
• Enter the date of purchase for the position in the Acquisition Date field.
• Enter the total cost basis for the entire position in the Cost field.
• Select a currency for the position. You can select the asset trading currency, your base currency or USD. Available selectable currencies are the asset trading currency, your base currency and USD. For new tax lots, the asset trading currency is the default currency. The asset trading currency is displayed on the symbol row. For old tax lots that may not have a currency, USD is the default currency.
• Optionally delete a tax lot by clicking the Delete link.

4. Click the Add Lot link to add a tax lots.
5. Click Continue.
6. Verify that your information is correct, then click Submit.

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