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 | Dec 11, 2012 | KBO, Reporting
Each PortfolioCenter performance report offers a bewildering variety of format options which determine the level of detail shown on the report. These detail formats are available on both the “analytical” reports (the original Performance reports in...
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 | Feb 18, 2012 | Cost Basis, KBO
When the cost basis reconciliation tools became available with PortfolioCenter 5.2, we began learning how difficult it is to keep the cost basis in the PortfolioCenter software in sync with the broker’s cost basis. Maintaining cost basis in both systems...
by Krisan Marotta | Feb 9, 2012 | Cost Basis, KBO
Q.How do I get PortfolioCenter to treat the cost basis of an inherited security as “long term”? If I sell the security before a year has passed, the realized gains report classifies it as short term. A. First, make sure you have the right cost basis. ...
