Portfolio basis 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 services.
The IRS has...
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Portfolio basis 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 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 portfolio basis tracking is in error.
Fortunately, most brokerage firms do track ones portfolio for tax purposes.
They often
provide a year-end capital gains and loss schedule complete with proceeds and
Less
