by Krisan Marotta | Jan 5, 2012 | Cost Basis
There’s an additional step you may need to take which is not discussed in the PortfolioCenter documentation for dealing with the bifurcation of average cost mutual funds. If you plan to switch from average cost accounting long term, you should change your...
by Krisan Marotta | Jan 2, 2012 | Cost Basis
Wondering what the “W” means that has begun appearing in the comment field on the cost basis reconciliation report in Schwab’s PortfolioCenter? It means that position is affected by a wash sale. If you sell a position at a loss and purchase that...
by Krisan Marotta | Dec 29, 2011 | Cost Basis
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
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
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...
