Tax Reporting Software from GainsKeeperPro.
TRADE SMART!
Save time and money by taking advantage of FIFO/HIFO methods and complicated tax laws – before you trade. Calculate pre-trade capital gains/losses and mark to market using tax reporting software. Identify, defer, reverse and calculate wash sales. Stay smart with online cost basis adjustments for corporate actions and wash sales. With GainsKeeperPro, it’s easy!
GainsKeeperPro automates:
- Calculation of capital gains and losses, determination of cost basis and management of your investment portfolios from a tax standpoint.
- Deployment of cost basis calculation options to assist with selection of most appropriate sell methodologies – first-in first-out, (FIFO), highest cost in first out, (HIFO) or, in the case of mutual funds, average cost – to apply to your trades.
- Application of complicated tax laws, including cost basis adjustments, reflecting corporate actions and calculating wash sales, to your holdings with the portfolio tracking module.
TAX SMART!
Make taxes work for you with simulated trading and tax-smart strategies. Understand the gain/loss and tax implications of your trades – before you make them. With GainsKeeperPro, you can simulate to evaluate, and execute SMART!
With GainsKeeperPro you can:
- Understand the impact on taxes of real investment returns with automated tax lot accounting and analytics using our tax reporting software.
- Minimize capital gains and make smarter trading decisions with ‘tax intelligence’ portfolio optimization strategies.
- Sell ‘optimal lots’ using a sophisticated sell grade tool that factors in potential gain/loss, wash sales exposure, holding periods, tax rates and previous losses carried forward.
- Review the tax implications of buy and sell trades before they are executed, with the trading simulation feature.
REPORT SMART!
No paperwork, no Excel sheets, no headaches. GainsKeeperPro tracks what you need for IRS reporting purposes—including adjustments for complex cost basis, corporate action and wash sale calculations. Generate Schedules D and D-1, and Form 4797 – plus customized reports for your financial advisor. It’s a streamlined process, with online efficiencies. Try our tax reporting software and see the difference.
With GainsKeeperPro you can:
- Use the transaction history entered in GainsKeeperPro for completion of Schedules D and D-1 attachment forms for tax years 1999 forward.
- And, the gain/loss information is available on the IRS 1040 Schedule D and all itemized sales including wash sale adjustment records are listed on the D-1 attachment.
- And, Active traders qualified for the mark-to-market election with the IRS can generate Income/Loss Report supplementing IRS Form 4797s for tax filing.
IMPORT/EXPORT SMART!
Import
With GainsKeeperPro, you can import trade information from 45 online brokers, Microsoft Money, Quicken and Excel templates. Make the broadest trading decisions, with a master record of all trading accounts.
Export
And, because GainsKeeperPro is compatible with most leading tax preparation software packages, gain/loss reports can be exported directly to programs such as CompleteTax, TurboTax and TaxACT. Investors can create customized HTML and PDF reports, such as non-taxable reports or reports that show realized and unrealized gains/losses over specific time periods. Data transfers are smart and efficient.
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