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Equity Mapping is a feature that allows the user to view multiple spin-offs and other corporate actions for a security on a table display at all at one time. There are feature buttons that allow you to drill down to see the Details Page for the corporate action.
No, after you enter the date(s) and shares that you purchased/acquired/inherited, and the date(s) and shares that you sold, scroll down to the gray box called “Enter Dividend Reinvestment Information.” Click on “Yes” if you reinvested for the entire holding period and if you stopped and started for any period within your holding period, enter the start and end dates in the boxes to the right.
No, we do not save anyone’s report. At the top of the page, you have the option to save the report to PDF and/or Excel and then save the files directly to your computer. You also have the option to print it.
Yes, but only if you purchased shares with the same dollar amount for any period of time. Even if you changed the dollar amount, this feature can still help you. On the input page, scroll down to the Systematic Investment gray box and click on the plus sign. You only need to enter the start date of your purchase, the end date, the frequency with which these purchases occurred and the dollar amount. If you changed the dollar amount after a period of time, you can open a second row and enter the information to reflect the second start and end dates, frequency and dollar amounts. After you are done, click Calculate. You will see that Netbasis has identified and displayed all of the tax lots for your to review and then click Get My Report to Calculate the cost basis.
The Spin -Off Tracker is a feature for the investor who has received shares in a spin-off and doesn’t know the date of the spin-off or the number of shares received and they want to calculate the cost basis for those shares. Spin-Off Tracker allows you to start by searching the original parent company, enter in the original acquisition date and number of shares and then enter either the sale of the spun-off shares or leave blank to bring the shares current. Turn on Spin-Off Tracker and click Get My Report. It will then give you to the option to follow the spun-off company you choose and provide you with the report.
At the top of the report page, there is the option to export the cost basis and gain/loss calculations to an electronic version of the 8949 and Schedule D forms.
The feature you select is based upon your personal investment situation. The following are your options:
- Cost basis – Select this feature option when you have the name, ticker or CUSIP number for the company that you originally purchased and the date and number of shares that you acquired and sold.
- Date of Death – Select this feature option when you have inherited shares and you want to calculate your adjusted cost basis using both the date of death as well as the six-month alternative date to determine the most advantageous cost basis option.
- Gifted Shares – Select this feature option when your shares were gifted to you by someone who was living at the time.
- Power Tracking – Select this feature option if you don’t know the original number of shares purchased, but you know the original date the shares were purchased, as well as the name of the current security and your current number of shares. The feature will go backwards in time to unravel the corporate actions/dividends to identify how many shares were originally purchased, and then move forward to calculate your adjusted cost basis.
- Research – Select this feature option if you want to research unadjusted pricing (daily, monthly or yearly), all dividends and corporate actions. There is no adjustment to shares or basis for this feature.
- Tax Optimization – Select this feature option if you want to us a “What If” scenario to identify which tax lots to sell based upon specific criteria that you enter.
Yes, you can enter as little as the year of acquisition if you don’t have the full dates. You would just enter “00” for the month and “00” for the day. Netbasis will use the average of the high and low for each trading day of that year, then create and average price for the year and move forward.
In the Summary section of the report, you will find your adjusted cost basis – per share and total; your long-term/short-term gain loss for covered and non-covered shares – per share and total and your sale proceeds – per share and total. If you had a partial sale, you will also find the cost basis and fair market value for your remaining shares. The Detail section of the report, provides a forensic trail of all of the corporate actions and dividends (if applicable) that were adjusted in the calculation. It is the supporting documentation that you can use for your own records or to pass on to a professional.
Equity Cost Basis in Action
Learn how to enter your buy, sell and dividend information to calculate your adjusted cost basis
Step-By-Step Instructions For Power Search
Learn how to calculate your cost basis when you don’t know how many shares you originally acquired
Step-By-Step Instructions for DOD
Learn how to choose between the date of death valuation and the six-month valuation for inherited shares