by Krisan Marotta | Dec 31, 2011 | KBO, Performance
Did your Schwab accounts reconcile yesterday and today the money market on almost every account fails to reconcile? This “problem” happens when the last day of the month falls on the weekend or a holiday. Here’s what happens: Schwab pays money...
by Krisan Marotta | Dec 29, 2011 | Cost Basis, KBO
If you sell a position at a loss and purchase that position again 30 days before or 30 days after the sell, the IRS considers this a “wash sale” and the investor is not allowed to take the realized loss. To maintain accurate cost basis in Schwab’s...
by Krisan Marotta | Dec 27, 2011 | Cost Basis, KBO
With the new IRS tax reporting regulations, average cost positions will be bifurcated. Thanks to government regulation, covered and uncovered shares will now maintain a separate average unit cost which require manual data entry in PortfolioCenter to maintain accurate...
by Krisan Marotta | Dec 11, 2011 | Cost Basis, KBO
Wondering which settings to use on the Cost Basis Reconciliation Report in PortfolioCenter? These are the ones I find most useful: CHECK – Print only unreconciled accounts By default, the Cost Basis Reconciliation report shows only positions that fail to...
by Krisan Marotta | Dec 5, 2011 | Cost Basis, KBO
Thanks to increased federal regulations, many custodians are providing cost basis information in the files downloaded to PortfolioCenter. Now you have two systems to keep up to date! Fortunately, you can compare the cost basis information downloaded from the...
by Krisan Marotta | Dec 1, 2011 | KBO, Performance
I upgraded to PortfolioCenter 5.4 and found a bug on my first day of using it. But it was easily solved. Problem: While batch processing intervals, PortfolioCenter 5.4 consistently stalled when it reached a particular account. The program would hang, requiring a...
