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Tax Lot Accounting

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Tax Lot Accounting
A method of accounting for a portfolio in which one keeps a record of the purchase price and sale price of each security in the portfolio, along with each one's cost basis and transaction size. One maintains the same record for each security even if one performs more than one transaction with it. The goal of tax lot accounting is to minimize one's taxes by reducing the net present value for accounting purposes.


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Selecting from more than 7,200 no-load or load-waived mutual funds, Legg Mason identifies appropriate funds to implement your written investment policy Mutual Solutions is a customized, fee-based portfolio of mutual funds with tax lot accounting, time-weighted performance, consolidated monthly statements, and quarterly reports.
GainsKeeper's solutions enable financial institutions to offer sophisticated tax lot accounting services to their customers, ranging from back-office outsourcing to fully integrated, web-based tools and services utilized by the brokerage, mutual fund, hedge fund and fund administration industries.
GainsKeeper's solutions enable financial institutions to offer sophisticated tax lot accounting services to their customers, ranging from back-office outsourcing to fully integrated, web-based tools and services utilized by the brokerage, mutual fund, and fund administration industries.
 
 
 
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