Christmas in July!
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 New Investment Lot Cost Basis Report | |
It's summer. It's hot. It's a great time to say inside in the air conditioning and check out our latest gift to your investment club. We've added a new bivio Investment Lot Cost Basis report. You can find a link to it on the Accounting>Reports page. Here's an example: Investment Lot Cost Basis Report Compare the information on your own report to an "Unrealized Gain/Loss" report you will be able to get from your broker. If you find differences, you'll want to research the reasons why and get your bivio records corrected. If you work on this now and make sure your bivio records stay in agreement with your broker, you won't have surprises at tax time when you sell a stock. They can take a while to work through and who wants a delay preparing their investment club taxes? You'll also find this report useful if you are making a sell decision and you don't want to select your lots on a FIFO (First In First Out) basis. Just remember that if you do that, you need to identify the lots to your broker prior to the sale and manually adjust the lot selection when the sale is entered in bivio. If you find something you don't know how to fix, send us your questions and the brokerage report you are looking at to support@bivio.com and we'll be glad to help you figure out what you'll need to do. | |
New Dividend/Distribution Entry Form | |
Another new feature! Does your investment club own one of those pesky investments like a REIT, an ETF or a mutual fund that reclassifies your dividends into several different types of income at tax time? We've added a new dividend entry form that lets you break your original entries into different pieces more quickly and efficiently. You can get to it using the yellow Income button that you'll find on the Accounting>Investments page. You'll also be able to get to it directly when you prepare your investment club taxes next year. | |
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