by Krisan Marotta | Jul 28, 2011 | Cost Basis
Mr. & Mrs. Happyclient had a joint account. Unfortunately Mr. Happyclient passed away unexpectedly. In settling the estate, the “tax gods” decreed that half of every asset in the joint account and its cost basis should be transferred to a new taxable...
by Krisan Marotta | Jun 28, 2011 | Cost Basis
Cost basis is the cornerstone of your realized and unrealized gain/loss calculations. The matching method you select for closing transactions greatly influences cost basis. Recent legislation requiring custodians to track cost basis makes understanding your...
