by Krisan Marotta | Dec 1, 2015 | Cost Basis
Since the 2008 legislation for cost basis reporting, many investment managers are considering no longer sending tax reports from PortfolioCenter to their clients. Since managers are NOT required to track cost basis under the new regulations, how do you decide whether...
by Krisan Marotta | Jun 27, 2014 | Cost Basis
Since the increased federal regulation of 2008, PortfolioCenter users spend more time tracking and reconciling cost basis. If you are new to PortfolioCenter and confused about the terms, here’s a refresher course. The Internal Revenue Service not only requires...
by Krisan Marotta | Jun 3, 2014 | Cost Basis
Q.This week my client corrected the cost basis information for some mutual fund shares which were sold in her accounts during the last tax year. Will PortfolioCenter automatically receive the updated cost basis information (for shares which have already been sold)...
by Krisan Marotta | Feb 25, 2014 | Reporting
Q. Why is the gain/loss on my PortfolioCenter performance reports different than the gain/loss on the PortfolioCenter tax reports? A. Comparing the gain/loss on performance reports to the gain/loss on realized gain/loss reports is comparing apples and oranges. The...
by Krisan Marotta | Jun 18, 2013 | Cost Basis
Thanks to increased federal regulations, many custodians are providing cost basis information in the files downloaded to PortfolioCenter. But how do you know if you need to keep both systems up to date? And what decisions do you need to make to get started?...
