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 … [Read more...]
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 … [Read more...]
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 … [Read more...]
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 … [Read more...]
Are you ready for bifurcation?
With the new IRS tax reporting regulations, average cost positions will be bifurcated. Thanks to government regulation, covered and uncovered shares will now maintain a separate average unit cost which require manual data entry in PortfolioCenter to … [Read more...]
