by Krisan Marotta | Sep 14, 2013 | Cost Basis
Schwab Advisors: Have you requested that Schwab turn on the Original Issue Discount (OID) section of the 1099? This can be accomplished by filling out the “Cost Basis Enrollment and Preferences Form” and checking “Adjusted Cost for Fixed...
by Krisan Marotta | Jul 30, 2013 | Cost Basis
I ran into a case in PortfolioCenter where the Cost Basis Reconciliation report showed a negative cost basis for several positions that had been sold. Now what? The report looked listed 0.00 shares with a negative cost basis in PortfolioCenter (above). The problem...
by Krisan Marotta | Jun 18, 2013 | Cost Basis
Thanks to increased federal regulations, many custodians are providing cost basis information in the files downloaded to PortfolioCenter. But how do you know if you need to keep both systems up to date? And what decisions do you need to make to get started?...
by Krisan Marotta | Jun 11, 2013 | Cost Basis
Need some help understanding how Schwab processes trade lots when using the Tax Lot Optimizer — the same matching method PortfolioCenter calls Beneficial Tax? The method is designed to sell lots in the order that will take losses before and gains. Within...
by Krisan Marotta | Feb 5, 2013 | Cost Basis
December 2012 brought PortfolioCenter users a cost basis Christmas present! These improvements slipped in so quietly during the year-end rush, you may have missed them. The closing transactions in the Schwab, Fidelity, TD Ameritrade, and Pershing transaction files...
by Krisan Marotta | Jan 29, 2013 | Cost Basis
The second step in getting started with cost basis is to make sure the matching method assigned to each account in PortfolioCenter is the same as the matching method assigned to each account at your custodian — and this method is the one you and your clients...
