Either of the third-party applications described below may help you to track and manage capital gains and account for the cost basis implications of wash sales and corporate actions in your portfolio.
GainsKeeper® is designed to save investors time and aggravation when tracking cost basis information and help manage gains and losses in their investment portfolios. GainsKeeper’s tools include:
- Automated wash sale and corporate action processing. GainsKeeper helps identify and calculate wash sales and corporate actions and automatically adjusts cost basis.
- Schedule D functionality. GainsKeeper tracks capital gains throughout the year and helps investors to generate a Schedule D.
- Tax-smart trading strategies. Investors may increase after–tax returns, maintain investment objectives, generate pre-trade analysis, and avoid wash sales by using GainsKeeper's portfolio optimization tools.
Fidelity customers receive 25% off GainsKeeper subscriptions. Enter promotional code FIDELITY when subscribing to get your discount.
TradeLog® is a tax accounting software designed specifically for the complex tax reporting requirements of active traders and investors.
TradeLog features include:
- Wash Sales, Capital Gains, Schedule D all handled quickly and accurately for IRS reporting.
- Simple to use, fully automated, yet extremely powerful.
- The brokerConnect feature makes importing available trade history from your Fidelity account easy.
- Comprehensive portfolio management and trade analysis tools.
- MTM version for Traders using mark to market accounting method.
- FREE TRIAL VERSION – Try TradeLog® for free.
20% Instant Rebate for all Fidelity clients!
