Optimize Tax Decision Making and Preparation
For some investors, organizing investment records for use in preparing income taxes can be an anxiety-ridden nightmare. All those trade confirms to deal with, the income checks, figuring out gains and losses, performance - where to start! Luckily, the Investment Account Manager dramatically improves your portfolio management and investment record keeping, making income tax filing a breeze. Once organized, you'll have the tax records and information in place to make smarter decisions.
The various links below illustrate some of the tax planning tools in IAM that act to improve your decision-making process. Click on a thumbnail to learn more.
Next - Create Detailed Reports Summarizing Investment Holdings >>
For some investors, organizing investment records for use in preparing income taxes can be an anxiety-ridden nightmare. All those trade confirms to deal with, the income checks, figuring out gains and losses, performance - where to start! Luckily, the Investment Account Manager dramatically improves your portfolio management and investment record keeping, making income tax filing a breeze. Once organized, you'll have the tax records and information in place to make smarter decisions.
The various links below illustrate some of the tax planning tools in IAM that act to improve your decision-making process. Click on a thumbnail to learn more.
Investment Account Manager thoroughly tracks investment income received. IAM properly tracks income distributions, capital gain distributions, return of capital, tax withheld, and expenses. In the case of dividends reinvested, IAM properly creates new individual tax lots for the reinvested income.
The Income Received Report shows investment income and capital gain distributions received by securities in a portfolio. The report is ideal for tax preparation and analyzing portfolio income flows, thoroughly showing which assets are providing you with current income.
Investment Account Manager enables users to manage sales activity consistent with tax planning goals. If more than one lot of a security is owned, and only a partial quantity is being sold, the Specify Sale Method screen is used to allocate the sold quantity of the asset using IRS approved methods.
Investment Account Manager's Sold Securities Report compiles important information regarding the sales of securities for a given portfolio, providing realized capital gain and loss information. Organized to clearly summarize sales activity for the period selected, this report helps users also plan future sales armed with the knowledge of gains that have already been realized in the current tax year for the portfolio.
Next - Create Detailed Reports Summarizing Investment Holdings >>
