Switching to Schwab Tax Lot Optimizer

Switching to Schwab Tax Lot Optimizer

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...
How to calculate cost basis for PortfolioCenter

How to calculate cost basis for PortfolioCenter

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...