Since the 2008 legislation for cost basis reporting, many investment managers are considering no longer sending tax reports from PortfolioCenter to their clients. Since managers are NOT required to track cost basis under the new regulations, how do … [Read more...]
What is Cost Basis?
Since the increased federal regulation of 2008, PortfolioCenter users spend more time tracking and reconciling cost basis. If you are new to PortfolioCenter and confused about the terms, here's a refresher course. The Internal Revenue Service not … [Read more...]
Cost basis updated on sold shares?
[dropcap style="light"]Q. [/dropcap]This week my client corrected the cost basis information for some mutual fund shares which were sold in her accounts during the last tax year. Will PortfolioCenter automatically receive the updated cost basis … [Read more...]
PortfolioCenter Reports Gain/loss Mismatch
[dropcap style="light"]Q.[/dropcap] Why is the gain/loss on my PortfolioCenter performance reports different than the gain/loss on the PortfolioCenter tax reports? [dropcap style="light"]A.[/dropcap] Comparing the gain/loss on performance reports … [Read more...]
Cost Basis in PortfolioCenter Summary
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 … [Read more...]
