With the recent addition of new
GainsKeeper powered tools in the Zecco Trading Center, many Zecco Trading
customers have had questions about some of the tax implications of their
investment activity. For those who haven’t heard, here’s what’s now available
if you have a Zecco Trading account:
Performance Tracking
- Track
your account's performance using industry-recognized methodologies
- Customize
your performance information, including the performance of individual
securities, returns over a specific time frame, and comparisons to
industry benchmarks
- Calculate
returns including dollar weighted rate of return (IRR) and time-weighted
rate of return
Tax Planning
- Identify,
calculate, defer and reverse wash sales, and adjust cost basis for
corporate action events
- Track
capital gains throughout the year, allowing you to complete Schedule D for
tax filing (available with paid subscriptions only)
- Increase
after-tax returns, maintain investment objectives, generate pre-trade
analysis, and avoid wash sales by using the portfolio optimization tools
Obviously, we’re not tax advisors at Zecco. However, since the power of our
community is investors helping each other, we want to make sure that we’re
providing adequate places for people to get their tax questions answered by
fellow investors. To that end, we’ve introduced a new section in our forums for
Tax Matters, which can be found here: http://www.zecco.com/forums/303/ShowForum.aspx
Feel free to join the conversation!
Important
Disclaimer: The Portfolio Tax Tool by GainsKeeper, which provides tax lot and
performance reporting, is a service offered and conducted by CCH INCORPORATED
and is made available by Zecco Trading for general reference and education
purposes only. Zecco Trading is not responsible for the reliability or
suitability of the information. Zecco Trading does not provide financial,
investment or tax advice and does not recommend or endorse any investment
product or strategy. Zecco Trading and its Information providers
("Providers") do not guarantee the accuracy of the information and
data provided. You may wish to consult with independent advisors and other
sources with respect to tax lot and performance reporting. The GainsKeeper
service and the financial information and research, including but not limited
to market data, tools, analysis, services and commentary (collectively,
"Information") are subject to the GainsKeeper Terms of Usage. <https://www.gainskeeper.com/us/TermsOfUse.aspx>
Access to and use of the GainsKeeper service and other information is
governed by the Zecco Trading Terms of Service. <http://www.zecco.com/Downloads/Policies/Zecco_Terms_of_Service.pdf>
Quote information for options that trade on multiple exchanges may not be
reflective of trading in all markets. Any financial calculators, software or
tools may not account for fluctuations in interest rates or other economic
conditions and changes. As your agreement for the receipt and use of market
data provides, the securities markets and Providers (1) reserve all rights to
the market data, tools, analysis, services and commentary that they
respectively make available; (2) do not guarantee the data, tools, analysis,
services and commentary; and (3) shall not be liable for any loss due either to
their negligence or to any cause beyond their reasonable control. You are
responsible for managing your accounts. Zecco Trading is not affiliated with
CCH INCORPORATED. CCH INCORPORATED is a separate company and is not affiliated
with Zecco Trading.