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Tax Smart Trading
Tips ![]() It seems like everyone has a stock tip or trading
strategy that ‘can’t lose’. We found out this year, that even in the
new economy, they can lose. One strategy that can’t fail you is tax
smart trading. By analyzing your trading history and current holdings and
with a basic understanding of the tax laws, you have the tools to
potentially save thousands in tax dollars. Investors can only take advantage of tax smart
trading strategies if they have accurately calculated cost bases of
holdings and deciphered true realized and unrealized gains and losses.
Adjustments for wash sales and corporate actions, such as stock splits,
mergers, and spin-offs must be included in these calculations. Review specific strategies to see if you can save money by Trading Tax Smart. Realize a Short-term loss before it
becomes Long-term GainsKeeper is an online portfolio service that accurately tracks your investments cost bases by automatically adjusts for Stock Splits, Mergers, Acquisitions, Spin-offs, Stock Dividends and Wash Sales. In addition, GainsKeeper keeps your complete trade history for realized and unrealized gains and losses and allows for the completion of your IRS Schedule D Gain/Loss Report with the click of a mouse. This powerful service is unmatched by anyone. Click here to sign up for a free trial and find out for yourself why our service is so valuable www.gainskeeper.com
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