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Fundamental
Investment Tax Issues All investors need a basic understanding
of fundamental investment tax issues, especially calculating your cost basis.
To calculate cost basis you need to track investments by the individual
tax-lot, instead of by aggregate holdings. Only by tracking original cost and
the original purchase date can you accurate calculate your gains and losses.
Whether you choose to prepare your own taxes or hire an accountant, you
should understand how to calculate your cost basis as well as the following
tips: Selling methodologies
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
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