Tax Lot Accounting

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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Principal and income reporting and trust accounting -- Separate, periodic trust reports -- Tax lot accounting -- Scheduled payment to beneficiaries (calculated and fixed) -- Recordkeeping for personal tangible property owned by the trust, not held by Schwab Institutional -- Tax worksheet creation and optional tax preparation
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, and fund administration industries.
Microsoft Money Plus Customers Receive Access to GainsKeeper's Tax Lot Accounting Tools
OFI) has implemented its GainsKeeper[R] tax lot accounting technology to help meet requirements of the newly enacted cost basis reporting law.
Based on proposed effective dates for cost basis reporting requirements, brokers, return preparers, tax advisors and taxpayers will likely have less than two years to prepare," said Stevie Conlon, tax director for GainsKeeper, which provides sophisticated tax lot accounting services to financial organizations, advisors and individual investors.
FundTax, the only tax lot accounting service with fully- automated wash sales, helps fund companies and third-party processors simplify the audit process and eliminate manual tracking of wash sales adjustments.
Market Street Advisors' services include portfolio management, tax lot accounting, trade and order management, pre-trade and post-trade compliance, performance measurement and reporting, automatic account reconciliation, customized workflow, and electronic connections to a number of major financial services institutions.
today announced that it has become the first online broker to enable fast, accurate capital gains calculations for complex options trading activities, through the integration of GainsKeeper tax lot accounting software.
Integrated Brokerage Platform and Tax Lot Accounting to Provide Brokerages with Superior Tools
provides ASP solutions for financial institutions, enabling its partners to offer sophisticated tax lot accounting to their customers without incurring the high cost of building, maintaining, and housing the systems and operations necessary to provide institutional-quality service.