Setting the Standard for Cost Basis Calculation
NetBasis is the efficient way to obtain adjusted cost basis information. Offering many features unavailable in other solutions, it provides immediate compliance with new cost basis legislation while establishing the foundation for enhanced client service.
NetBasis provides highly accurate cost basis calculations for a wide range of investment instruments, including:
- NYSE, NASDAQ and other major exchange listed stocks
- ADRs, closed-end funds, REITs, OTC securities (Bulletin Board and Pink Sheets) and UITs
- Mutual funds
It simplifies the challenges of determining cost basis by:
- Drawing on a historical security pricing database that extends back as far as 1925
- Providing an audit trail of all corporate actions linked to a security
- Calculating cost basis with limited acquisition date details – as little as just the year
- Incorporating sophisticated, customized cost basis calculation algorithms compliant with IRS rules
Many Unique Features
NetBasis brings a number of valuable and unique features to cost basis calculation, including:
- Accounting for systematic investments, withdrawals, and dividend reinvestments
- Wash- and short-sale adjustments
- Date of death valuation
- Estate and gift valuation
- “Birth-to-death” dividend and corporate action look-up
- Tax status of corporate actions
- A complete, event-by-event audit trail of all basis and share adjustments
- Adjusted total and per-share cost basis information
- Cash merger information
- “No-effect” merger information
- Gain/loss characterization and sale proceeds