Are you headed for a cost basis train wreck?

Are you headed for a cost basis train wreck?

Thanks to the Emergency Economic Stabilization Act of 2008, custodians and broker-dealers are required to report the adjusted cost basis of sold securities to the IRS and taxpayers on Form 1099-B — including whether the gain/loss is short or long term....
Bifurcation Handling in PortfolioCenter 5.5

Bifurcation Handling in PortfolioCenter 5.5

PortfolioCenter 5.5 makes it easier to manage bifurcated average cost positions.   On the Matching Method tab of the portfolio details, you’ll find a new Bifurcation Handling check box.  By default, this box is checked and set to bifurcate lots acquired before...
Bifurcation and backdated transactions

Bifurcation and backdated transactions

Bifurcation threatens to be the monster that devours all your time! If you reset your cost basis in PortfolioCenter to move out of average cost accounting January 1 2012, what do you do with transactions that arrive in January but which are backdated to December? ...
Bifurcation: One more step in PortfolioCenter

Bifurcation: One more step in PortfolioCenter

There’s an additional step you may need to take which is not discussed in the PortfolioCenter documentation for dealing with the bifurcation of average cost mutual funds. If you plan to switch from average cost accounting long term, you should change your...