Investment tracking services
It has become increasing more complicated and time consuming for individuals and
investment firms to track securities, limited partnerships and private equities for tax
purposes.
My firm offers such investment tracking...
More
Investment tracking services
It has become increasing more complicated and time consuming for individuals and
investment firms to track securities, limited partnerships and private equities for tax
purposes.
My firm offers such investment tracking services.
The IRS has made it increasing more complicated for the sophisticated investor to
accurately report annual capital gain and loss activity.
Each year, many investment firms
and individuals receive a plethora of 1099’s, K-1’s, and year-end brokerage statements.
Brokerage firms are increasingly investing in limited partnerships as opposed to
individual equities and index funds.
Inadvertently, however, these same brokerage firms
misclassify such distributions as dividends, and vise-versa.
Unfortunately, this often
leads to double taxation.
The investment basis tracking is in error.
Fortunately, most brokerage firms do track ones investment portfolio for tax purposes.
They often provide a year-end capital gains and loss schedule
Less
