by Krisan Marotta | Jul 6, 2012 | Cost Basis, KBO
System of Record (SOR) became a necessary part of our cost basis terminology in 2008 when Congress passed the “Emergency Economic Stabilization Act.” The System of Record is the official record for tax purposes and the system responsible for providing the...
by Krisan Marotta | Jun 25, 2012 | Cost Basis, KBO
What do you do if cost basis in PortfolioCenter reconciled with your broker yesterday but fails to reconcile today? I recently encountered a position with relatively few trade lots (4 lots: 1 buy and 3 reinvested dividends). The cost basis reconciled to the penny and...
by Krisan Marotta | Jun 18, 2012 | Cost Basis, KBO
If you think the cost basis enhancements in PortfolioCenter 5.5 sound too good to be true, you’re right. Postpone the celebration. By my reading, the announcement promises more than the enhancements deliver. The announcement for enhancements to PortfolioCenter...
by Krisan Marotta | May 30, 2012 | KBO, Reporting
On most PortfolioCenter Holdings reports, you’ll find a column for Cost Basis and Cash invested. Sometimes the numbers are identical and sometimes they differ wildly. Why? Cost Basis is the value of an asset for tax purposes. It is the total price paid for an...
by Krisan Marotta | May 29, 2012 | Cost Basis, KBO
PortfolioCenter 5.5 makes it easier to manage bifurcated average cost positions. On the Matching Method tab of the portfolio details, you’ll find a new Bifurcation Handling check box. By default, this box is checked and set to bifurcate lots acquired before...
