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Netbasis is the only web app that has daily pricing for your stocks going back as early as 1925… but getting the right price is just the first step in calculating your correct adjusted cost basis.

“Non-Covered” Shares on the 1099-B

Chances are that your 1099-B is only providing you with the cost basis for your “covered” shares from 1/1/2011 going forward, but the IRS 8949 Form is asking for the adjusted cost basis for your entire holding period.  Just getting the purchase price isn’t the same as the adjusted cost basis.

What is Adjusted Cost Basis?

The basis is the price you paid or the valued price for a stock or mutual fund on that specific day. From that day going forward through, the cost basis can be adjusted for reinvested dividends or for corporate actions (splits, mergers, spin-offs) that occur during the time you own the shares. The adjusted cost basis is calculated for your entire holding period, not the “covered” and “noncovered” periods separately.

We’ve Got Your Historical Prices

Netbasis is an online cost basis calculator and you don’t have to have the original acquisition price you’re your stock. When you sell any shares and have to report the capital gains tax, so first, you have to calculate your adjusted cost basis. The Netbasis cost basis calculator will adjust the acquisition price of the stock for splits, spin-offs and mergers and dividends reinvested (if you participated) and other corporate actions that may have occurred during the time you owned the security.

Netbasis easily calculates your adjusted cost basis even if you don’t have all of your investment information or if you acquired your shares decades ago.

Why is Using Netbasis Important?

Netbasis was used by the IRS in an audit study of investing taxpayers. Since Congress passed the Cost Basis Legislation, it is now more important than ever before to accurately report your cost basis. Trusting random websites that make false claims about accurately calculating your cost basis can be risky when reporting your gain/loss to the IRS.

The Next Generation of Netbasis is here!

NetWorth Services is excited to introduce to you the next generation of our award-winning cost basis application, Netbasis.  This new, state-of-the-art version boasts faster processing capabilities and an enhanced data verification process.

“What Information Do I Need To Start Using Netbasis?”

Netbasis has all of your security’s corporate actions (splits, mergers, spin-off, etc), pricing and dividend information. Netbasis requires only a minimum amount of information from you to calculate your cost basis. After identifying the original security you acquired, you just need to enter the following information:

Enter the date(s) for shares you acquired (purchased, inherited or received in a spin-off). Then enter the date(s) for the shares you sold.

Enter the number of shares for every acquisition. Then enter the number of shares for every sale.

You don’t have to enter every dividend. Just click “Yes” if you reinvested dividends for the entire holding period or enter the “Start” and “End” dates if you didn’t.

You’re Just Minutes Away from Getting an Accurate Adjusted Cost Basis

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