Value-Added Technology for Software
Companies
With new regulations making accurate cost basis calculation
more critical than ever, NetBasis can provide important value-added
functionality for producers and distributors of tax preparation and accounting
or other financial software.
By offering NetBasis as an add-on to their products, software
companies can differentiate their solutions from those of competitors while
increasing the value of their products to individual investors and financial
professionals alike.
Adding NetBasis to a financial software product provides end
users with a host of valuable benefits, including:
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Efficient access to accurate cost basis information
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Easier Schedule D preparation
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Compliance with all applicable IRS rules on wash sales, short sales, gift
shares and date of death valuation
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Enhanced gain/loss management through
better-informed buying and selling decisions
NetBasis offers many features that make it the gold standard
for cost basis calculation, including:
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Adjusted total and per-share cost basis
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Adjusted number of shares
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Cost basis for remaining shares
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Accounting for systematic investments, withdrawals and dividend reinvestments
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Support for any approach an investor can use to sell share lots, including FIFO
(first in, first out),
specific lot and average cost (for mutual fund and DRiP shares)
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Characterization of realized gains/losses as short-term/long-term
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Tracking of all corporate actions affecting a security
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Wash- and short-sale adjustments
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Absolute pricing look-up for equities and mutual funds
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Cash and "no-effect" merger information
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Allocation rate information for mergers and spin-offs
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Tax status of corporate actions
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Cost basis backtracking
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Birth-to-death corporate actions and dividend look-up
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Equity mapping
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Fair market value for cash and stock mergers
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Date of death valuation with 6-month alternative date
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Estate and gifting valuation
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