Tax Smart Trading Tips       

It seems like everyone has a stock tip or trading strategy that ‘can’t lose’. We found out this year, that even in the new economy, they can lose. One strategy that can’t fail you is tax smart trading. By analyzing your trading history and current holdings and with a basic understanding of the tax laws, you have the tools to potentially save thousands in tax dollars. 

Investors can only take advantage of tax smart trading strategies if they have accurately calculated cost bases of holdings and deciphered true realized and unrealized gains and losses. Adjustments for wash sales and corporate actions, such as stock splits, mergers, and spin-offs must be included in these calculations. 

Review specific strategies to see if you can save money by Trading Tax Smart.

Realize a Short-term loss before it becomes Long-term
Realize gains tax-free if you have net losses greater than $3,000
Sell partial positions using Specific ID
Be aware of Mutual Fund distributions before purchasing a fund
Adjusting the Cost Basis of L-T Investments
Know the wash sales rule

                                                             

About GainsKeeper 

GainsKeeper is an online portfolio service that accurately tracks your investments cost bases by automatically adjusts for Stock Splits, Mergers, Acquisitions, Spin-offs, Stock Dividends and Wash Sales.  In addition, GainsKeeper keeps your complete trade history for realized and unrealized gains and losses and allows for the completion of your IRS Schedule D Gain/Loss Report with the click of a mouse.  This powerful service is unmatched by anyone.  Click here to sign up for a free trial and find out for yourself why our service is so valuable www.gainskeeper.com