Total Transactions Processed
325M+
PROVEN ACCURACY
A Cost Basis Calculator
You Can Trust
For more than 25 years, Netbasis has been recognized as the benchmark for cost basis calculations among professionals.
Welcome CBIZ Professionals!
Netbasis delivers quick and precise cost basis and capital gains tax calculations using a comprehensive database of corporate actions, prices, and dividends for various investments since 1925. Our system simplifies tax season by providing adjusted cost basis, gains/losses, investment performance, and detecting wash sale violations, ideal for clients with incomplete investment records. Just enter the purchase and sale information to begin.
Get Started!
A Cost Basis Calculator You Can Trust
For more than 25 years, Netbasis has been recognized as the benchmark for cost basis calculations among professionals.
Welcome CBIZ Professionls!
Netbasis delivers quick and precise cost basis and capital gains tax calculations using a comprehensive database of corporate actions, prices, and dividends for various investments since 1925. Our system simplifies tax season by providing adjusted cost basis, gains/losses, investment performance, and detecting wash sale violations, ideal for clients with incomplete investment records. Just enter the purchase and sale information to begin.
Get StartedBUY ONE COST BASIS REPORT
AT A DISCOUNT PRICE OF $25
This is an exclusive 17% discount off the regular price of $30.
STEP ONE
SIGN UP FOR YOUR FREE ACCOUNT
Create your complimentary account by registering as a user and discover the features of Netbasis.
STEP TWO
NAVIGATE TO THE E-COMMERCE PAGE
Locate the Purchase icon to access the exclusive 2 for 1 promotional deal.
STEP THREE
SELECT YOUR SECURITIES AND GO!
With your personal account set up, you can now address your intricate cost basis problems and instantly produce a time-ordered report.
"What Information Do I Need To Start Using Netbasis?"
Netbasis has your security’s corporate actions (splits, mergers, spin-off, etc), pricing and dividend information. Netbasis requires only a minimum amount of information from you to calculate your cost basis. After identifying the original security you acquired, you just need to enter the following information:
Acquisition and Sale Dates
Enter the acquisition date(s) for the shares you acquired (purchased, inherited or received in a spin-off). Then enter the date(s) of shares you sold.
Amount of Shares
Enter the number of shares for every acquisition. Then enter the number of shares for every sale.
Dividend Dates
You don’t have to enter every dividend. Click “Yes” if you reinvested dividends for the entire holding period or enter the start or end dates.
Advanced Security
512 Bit
AES ENCRYPTION
Years of Service
25 Years
THE POWER OF RELIABILITY
Securities Covered
115K+
EQUITY & DIGITAL ASSETS
Now That One-Day Settlement is Here
Accelerated decisions are more important than ever before. Effective pre-tax sale strategies must be determined prior to the trade date to ensure optimal results. Harnessing the power of NetSimulator, can be a game changer when planning investment and tax strategies for ALL clients, not just managed accounts.
Now That One-Day Settlement is Here
Accelerated decisions are more important than ever before. Effective pre-tax sale strategies must be determined prior to the trade date to ensure optimal results. Harnessing the power of NetSimulator, can be a game changer when planning investment and tax strategies for ALL clients, not just managed accounts.
What is Net Simulator?
The Net Simulator is an easy to use and cost-effective simulation tool that provides financial professionals with the ability to surgically tailor their client year-end tax strategies. What makes Net Simulator different:
Targeted Scenario Modeling: Visualize different investment scenarios and their tax implications, empowering you to make informed decisions.
Tax-Efficient Strategies: Net Simulator provides insights into tax optimization, including strategies like tax-loss harvesting, to preserve your wealth.
Risk Analysis: Understand the risks associated with your investments and identify ways to mitigate them effectively.
How Does It Work?
Make the most out of Net Simulator by providing your Retail Customers with targeted simulation capability as you prepare for T+1.
Price Prediction Metrics
Price prediction modeling is a powerful feature to best determine future potential price support and resistance levels.
Crypto Cost Basis
Netbasis provides a cost basis tool that will calculate cryptocurrency and digital asset transactions as well as determine accurate gain/loss and wash sale loss deferral analysis for security token offerings.
Tax Loss Harvesting
The Net Simulator tax loss harvesting feature is a valuable strategy for customers seeking to optimize their targeted tax situation.
Charitable Giving
A well-structured charitable giving strategy offers numerous benefits that go beyond the act of giving itself
Unlock the power of NetZero™ for seamless sales tax strategies.
Our proprietary approach expertly balances gains and losses, maximizing tax efficiency for your shares sold. With NetZeroTM, you gain control to offset gains against losses, securing maximum tax advantages. Say goodbye to tax uncertainty and hello to smooth sailing with NetZeroTM. As T + 1 settlement shortens the time to make smart decisions, trust NetZeroTM for instant accurate cost basis and optimal tax planning.
Use Case Example: Tax Planning Strategies
Case Scenario: Meet Bob and Jennifer, both married and filing jointly, tasked with selling $100,000 from their investment portfolios. However, their differing tax planning approaches yield contrasting results.
Bob rushes to sell his equities without a plan, leading to a hefty tax bill of $22,000 due to high income and capital gains tax rates.
In contrast, Jennifer's advisor utilizes Netbasis tools to craft a meticulous pre-tax sale strategy. By strategically selling specific tax lots with Netbasis' proprietary NetZero tax method and leveraging features like wash sale detection and market correlation replacements, Jennifer minimizes her tax liability, owing only $8,000 the following year.
This disparity underscores the importance of robust tax planning. With access to advanced tools like Netbasis, advisors empower clients to optimize portfolios and reduce tax burdens, enhancing their financial well-being.
View the breakout table
of the use case example
Conclusion Notes
Bob did not use Netbasis and sold $100,000 in capital gains using the industry default FIFO method (First-In, First-Out), while keeping the rest of his portfolio invested.
Conversely, Jennifer and her advisor needed to take $100,000 in profits from her portfolio while minimizing her tax liability and keeping the rest of her portfolio invested. They used Netbasis to pre-determine how to offset half of her overall losses. Utilizing the Net Simulator feature, they identified alternative stocks with similar positive correlations (price movements) to those she sold at a loss. By partially selling the loss positions and replacing them with similar securities, Jennifer's tax liability was reduced by $11,349. This strategy allowed her to maintain her market presence while offsetting just half of her overall losses against her realized gains from the sale.
Solve Your Client’s Cost Basis Problems!
Netbasis offers a crucial cost basis calculation tool tailored for financial and tax professionals. This robust online application tackles intricate client cost basis challenges, ensuring swift and precise outcomes. It aids in maintaining compliance with IRS regulations regarding capital gain and loss reporting for your clients.
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