by Krisan Marotta | Dec 5, 2011 | Cost Basis, Most Popular
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 | Sep 23, 2011 | Cost Basis
Historically you may have used the trade lot matching method of “First in, First Out” or “Highest Cost” in order to produce the smallest possible capital gain or the largest possible capital loss when selling positions in client accounts. Trade...
by Krisan Marotta | Sep 15, 2011 | Performance
A corporate action is an event such as an exchange, merger, stock split or spin-off that affects the securities of a public traded company. Frequently corporate actions result in fractional shares which are converted to cash. This conversion generates a transaction...
by Krisan Marotta | Aug 11, 2011 | Cost Basis
Need to calculate cost basis for a position but unsure how? Here’s the math. Cost basis is defined as the original price of an asset. It is the number used in determining capital gains. Cost basis is usually the purchase price including all fees, but it can be...
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...
