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Fundamental
Investment Tax Issues 
All investors need a basic
understanding of fundamental investment tax issues,
especially calculating 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 accurately 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 and have a basic understanding of the
following topics:
Calculating
Cost Basis
Holding
Period Analysis
Selling
methodologies
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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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.
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