Cost Basis Calculator
Calculating cost basis is a time-consuming task that can result in costly, inaccurate information. BasisPro handles cost basis information for all U.S. equities and mutual funds.
Calculate cost basis information for clients
BasisPro saves advisors and accountants time by quickly calculating the complete cost basis and realized gain/loss reports for U.S. equities and mutual funds. Once transaction data is entered in BasisPro, all corporate actions affecting the original trade lots are automatically applied to determine the shares and cost basis on the specific holding dates.
The cost basis results can be exported to an Excel spreadsheet or a PDF file and saved on your desktop or e-mailed to your client. Using BasisPro helps clients eliminate inaccuracies in cost basis reporting.
Unsure of historical corporate action data that may be affecting a client's cost basis
With BasisPro, advisors and accountants can research and calculate complex corporate actions as far back as 1950. Historical calculations are unlimited. BasisPro gives a corporate action summary that shows the details of every corporate action event affecting the original position, as well as all events affecting subsequent positions. In addition, BasisPro gives DRIP estimates for all cash dividends dating back to 1973.
Accurate cost basis information
Today the IRS examines cost basis calculations more closely than ever before. Both the IRS and BasisPro depend on the same information source - our sister company Capital Changes, the recognized leader in corporate action tax analysis - to track cost basis calculations. Advisors and accountants using BasisPro are complying with Internal Revenue Code by using the same solution the IRS depends on to calculate cost basis.