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 | 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...
by Krisan Marotta | Jun 28, 2011 | Cost Basis
Cost basis is the cornerstone of your realized and unrealized gain/loss calculations. The matching method you select for closing transactions greatly influences cost basis. Recent legislation requiring custodians to track cost basis makes understanding your...
