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Fundamental Investment Tax Issues
All investors need a basic understanding of
fundamental investment tax issues, especially calculating your cost basis.
To calculate cost basis you need to track investments by the individual
tax-lot, instead of by aggregate holdings. Only by tracking original cost
and the original purchase date can you accurate calculate your gains and
losses. Whether you choose to prepare your own taxes or hire
an accountant, you should understand how to calculate your cost basis as
well as the following tips:
Selling methodologies
Holding Period Analysis
Cost Basis Calculations
Mutual Fund Distributions
Updating positions for Stock Splits
Updating positions for Mergers
Updating positions for Spin-offs
Gifting
stocks
Transferring assets
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Sales. In addition,
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gains and losses and allows for the completion of your IRS Schedule D
Gain/Loss Report with the click of a mouse.
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