Wolters Kluwer Financial Services:
Your Cost Basis Experts

Cost basis reporting requires broker/dealers and other financial intermediaries to report adjusted cost-basis information along with short-term and long-term holding periods and gain/loss classification to both investors and the Internal Revenue Service. Over 8,000 corporate actions annually affect a stock's cost basis. Some corporate actions are manageable; however, others require calculations that are more laborious. Tracking and adjusting for corporate actions can be further complicated by wash sale activity.

To understand the corporate actions affecting publicly traded securities, including the impact on the holder of the security and the tax consequences of the action, shareholders and their advisors rely on Wolters Kluwer Financial Services.

Wolters Kluwer Finacial Services provides unparalleled tax analysis and technology to help our clients accurately and efficiently process corporate actions and wash sales that impact cost basis.

Our Products and Services Help:

Back Office Operations to

• Maintain accounting systems
• Calculate missing cost basis

Broker Dealers to

• Calculate cost basis from transfers
• Obtain details from corporate events
• Populate 1099's

Clearing Firms to

• Calculate cost basis from transfers
• Calculate missing cost basis due to system restrictions

Law Firms to

• Obtain details on asset allocation, taxability, fair market value data from corporate events
• Calculate cost basis from inheritance and gifts

Capital Changes is a unique service that helps subscribers manage the increased complexity of processing corporate actions.  From U.S. to global corporate actions, from the front-office to the back-office, count on Capital Changes' insightful corporate actions analysis and long standing experience to help you understand the tax and processing implications of corporate actions. Click here to learn more.

GainsKeeper solutions deliver award-winning tax lot accounting automation and basis tracking to brokerages, fund investments (mutual funds and hedge funds), as well as to active traders and individual investors. Our solutions calculate track and report capital gains/loses using accurate cost basis adjusted for corporate actions and wash sale. Additionally we provide fund tax reports including QDI, DRD, REIT and custom reporting. Click here to learn more.