by Krisan Marotta | Feb 5, 2013 | Cost Basis, KBO
December 2012 brought PortfolioCenter users a cost basis Christmas present! These improvements slipped in so quietly during the year-end rush, you may have missed them. The closing transactions in the Schwab, Fidelity, TD Ameritrade, and Pershing transaction files...
by Krisan Marotta | Jan 29, 2013 | Cost Basis, KBO
The second step in getting started with cost basis is to make sure the matching method assigned to each account in PortfolioCenter is the same as the matching method assigned to each account at your custodian — and this method is the one you and your clients...
by Krisan Marotta | Nov 27, 2012 | Cost Basis, KBO
Thanks to the Emergency Economic Stabilization Act of 2008, custodians and broker-dealers are required to report the adjusted cost basis of sold securities to the IRS and taxpayers on Form 1099-B — including whether the gain/loss is short or long term....
by Krisan Marotta | Oct 16, 2012 | KBO, Performance
Handling stock splits in PortfolioCenter is usually seamless — that is, you can usually post the downloaded transaction “as is.” But sometimes split transactions require manual intervention. Here’s what to check: Trade Date: Make sure the...
by Krisan Marotta | Sep 18, 2012 | Cost Basis, KBO
What do you do if cost basis in PortfolioCenter reconciled with your broker yesterday but fails to reconcile today? Is your broker Schwab? Is the only new trade a charitable gift (i.e. a transfer of a security)? Do you use Lowest Cost for charitable gifting, but...
