It's Everyone's Lucky Day!

Laurie Frederiksen on

We have just released a new report that many of you have requested and that you will find useful in making sure the cost basis of all your stocks stays updated correctly. You might also find it useful in making sell decisions when you own multiple lots of a stock.

It is called the Investment Lot Cost Basis Report. You can find it on the Accounting>Reports page:

Your broker will have an "Unrealized Gain/Loss" report that you can use to compare this to. If you find any differences, you'll have lots of time to get any issues fixed in your bivio records. That way when tax time rolls around, you shouldn't have any surprises you need to address that will delay getting your taxes prepared.

Enjoy!

Laurie Frederiksen
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Kimberly Hazen on

So exciting! Thank you.

Kimberly Hazen

hazenfree@gmail.com

cell 608.444.6898

On Thu, Jun 12, 2014 at 10:35 AM, Laurie Frederiksen <laurie@bivio.biz> wrote:

We have just released a new report that many of you have requested and that you will find useful in making sure the cost basis of all your stocks stays updated correctly. You might also find it useful in making sell decisions when you own multiple lots of a stock.

It is called the Investment Lot Cost Basis Report. You can find it on the Accounting>Reports page:

Your broker will have an "Unrealized Gain/Loss" report that you can use to compare this to. If you find any differences, you'll have lots of time to get any issues fixed in your bivio records. That way when tax time rolls around, you shouldn't have any surprises you need to address that will delay getting your taxes prepared.

Enjoy!

Laurie Frederiksen
Invest with your friends!
www.bivio.com

Become our Facebook friend! www.facebook.com/bivio
Follow us on twitter! www.twitter.com/bivio
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John Ellison on

Great addition.

Jack

On Jun 12, 2014, at 9:08 AM, Kimberly Hazen <hazenfree@gmail.com> wrote:

So exciting! Thank you.

Kimberly Hazen
hazenfree@gmail.com
cell 608.444.6898

On Thu, Jun 12, 2014 at 10:35 AM, Laurie Frederiksen <laurie@bivio.biz> wrote:

We have just released a new report that many of you have requested and that you will find useful in making sure the cost basis of all your stocks stays updated correctly. You might also find it useful in making sell decisions when you own multiple lots of a stock.

It is called the Investment Lot Cost Basis Report. You can find it on the Accounting>Reports page:

<6-12-2014 11-27-18 AM.png>

Your broker will have an "Unrealized Gain/Loss" report that you can use to compare this to. If you find any differences, you'll have lots of time to get any issues fixed in your bivio records. That way when tax time rolls around, you shouldn't have any surprises you need to address that will delay getting your taxes prepared.

Enjoy!

Laurie Frederiksen
Invest with your friends!
www.bivio.com

Become our Facebook friend! www.facebook.com/bivio
Follow us on twitter! www.twitter.com/bivio
Follow Us on Google+

Click here to Subscribe to the Club Cafe email list. Click here to Unsubscribe

Peg Wentworth on

Laurie,

I just checked out the new cost basis by lot report and it is a great idea == very useful. We still follow FIFO since it is set up that way with our broker, but it does help to keep the members informed about why that gain might not be as much as they would expect or perhaps a lot more when we sell off lots one by one.

Thanks for your efforts to keep Bivio working hard for us with improvements.

Peg Wentworth

From: Laurie Frederiksen

Sent: Thursday, June 12, 2014 11:35 AM

To: The Club Cafe

Subject: [club_cafe] It's Everyone's Lucky Day!

We have just released a new report that many of you have requested and that you will find useful in making sure the cost basis of all your stocks stays updated correctly. You might also find it useful in making sell decisions when you own multiple lots of a stock.

It is called the Investment Lot Cost Basis Report. You can find it on the Accounting>Reports page:

Your broker will have an "Unrealized Gain/Loss" report that you can use to compare this to. If you find any differences, you'll have lots of time to get any issues fixed in your bivio records. That way when tax time rolls around, you shouldn't have any surprises you need to address that will delay getting your taxes prepared.

Enjoy!

Laurie Frederiksen
Invest with your friends!
www.bivio.com

Become our Facebook friend! www.facebook.com/bivio
Follow us on twitter! www.twitter.com/bivio
Follow Us on Google+

Click here to Subscribe to the Club Cafe email list. Click here to Unsubscribe

Laurie Frederiksen on

I am glad everyone finds the report useful. We appreciate your kind comments.

The report isn't meant to encourage you to use something other than FIFO for your lot selections. That is still the default in bivio and the one that will make your accounting the easiest.

We hope you'll use it as an aid to make sure that your cost basis is being tracked in agreement with what your broker shows. We've already had one club use the report to find out that their broker was doing something unexpected. The club was wondering why their cost basis from a recent Pfizer sale didn't line up right.

Apparently, TDAmeritrade is choosing shares in sales from Non-DRIP lots before they choose shares from DRIP lots. This meant the lots sold were not chosen FIFO by the broker and therefore they had to make adjustments in their bivio records to get the cost basis to line up.

So check your lot cost basis amounts before you sell on the new report and after you sell on the Capital Gains and Losses report. Discrepancies can take a while to figure out and correct. There's a lot more time to get help with them now than there is during tax season when you have to report them.

Laurie Frederiksen
Invest with your friends!
www.bivio.com

Become our Facebook friend! www.facebook.com/bivio
Follow us on twitter! www.twitter.com/bivio
Follow Us on Google+

Click here to Subscribe to the Club Cafe email list. Click here to Unsubscribe

Tim Hoyman on

Thank you Laurie. I did not realize that issue with TD Ameritrade. Fortunately our club decide against DRIP programs altogether. It is just easier to track long term.

The Mozart of Real Estate

Tim Hoyman

The Denver 100

303-669-2676

Tim playing bassoon small

From: club_cafe@bivio.com [mailto:club_cafe@bivio.com] On Behalf Of Laurie Frederiksen
Sent: Thursday, June 12, 2014 7:19 PM
To: The Club Cafe
Subject: Re: [club_cafe] It's Everyone's Lucky Day!

I am glad everyone finds the report useful. We appreciate your kind comments.

The report isn't meant to encourage you to use something other than FIFO for your lot selections. That is still the default in bivio and the one that will make your accounting the easiest.

We hope you'll use it as an aid to make sure that your cost basis is being tracked in agreement with what your broker shows. We've already had one club use the report to find out that their broker was doing something unexpected. The club was wondering why their cost basis from a recent Pfizer sale didn't line up right.

Apparently, TDAmeritrade is choosing shares in sales from Non-DRIP lots before they choose shares from DRIP lots. This meant the lots sold were not chosen FIFO by the broker and therefore they had to make adjustments in their bivio records to get the cost basis to line up.

So check your lot cost basis amounts before you sell on the new report and after you sell on the Capital Gains and Losses report. Discrepancies can take a while to figure out and correct. There's a lot more time to get help with them now than there is during tax season when you have to report them.

Laurie Frederiksen
Invest with your friends!
www.bivio.com

Become our Facebook friend! www.facebook.com/bivio
Follow us on twitter! www.twitter.com/bivio
Follow Us on Google+

Click here to Subscribe to the Club Cafe email list. Click here to Unsubscribe

Steve Foster on

Very informative report, Laurie. May I suggest adding the cost per share at the time of the purchase to the report? That would give a great picture of the fluctuating cost per share for each stock.

On Thursday, June 12, 2014 7:02 PM, Tim Hoyman <tim@timhoyman.com> wrote:

Thank you Laurie. I did not realize that issue with TD Ameritrade. Fortunately our club decide against DRIP programs altogether. It is just easier to track long term.

The Mozart of Real Estate

Tim Hoyman

The Denver 100

303-669-2676

From: club_cafe@bivio.com [mailto:club_cafe@bivio.com] On Behalf Of Laurie Frederiksen
Sent: Thursday, June 12, 2014 7:19 PM
To: The Club Cafe
Subject: Re: [club_cafe] It's Everyone's Lucky Day!

I am glad everyone finds the report useful. We appreciate your kind comments.

The report isn't meant to encourage you to use something other than FIFO for your lot selections. That is still the default in bivio and the one that will make your accounting the easiest.

We hope you'll use it as an aid to make sure that your cost basis is being tracked in agreement with what your broker shows. We've already had one club use the report to find out that their broker was doing something unexpected. The club was wondering why their cost basis from a recent Pfizer sale didn't line up right.

Apparently, TDAmeritrade is choosing shares in sales from Non-DRIP lots before they choose shares from DRIP lots. This meant the lots sold were not chosen FIFO by the broker and therefore they had to make adjustments in their bivio records to get the cost basis to line up.

So check your lot cost basis amounts before you sell on the new report and after you sell on the Capital Gains and Losses report. Discrepancies can take a while to figure out and correct. There's a lot more time to get help with them now than there is during tax season when you have to report them.

Laurie Frederiksen
Invest with your friends!
www.bivio.com

Become our Facebook friend! www.facebook.com/bivio
Follow us on twitter! www.twitter.com/bivio
Follow Us on Google+

Click here to Subscribe to the Club Cafe email list. Click here to Unsubscribe