Professional & Corporate
It Starts with your Netbasis
What makes Netbasis such a powerful tool for investment and tax professionals is in its advanced technology. Netbasis is a one-of-a-kind investment wealth tax tool that reveals customized strategies and analysis for clients in seconds. Netbasis will start with smartly verifying the cost basis of the investment and then incorporate “what if” tax implications within the investment strategy.
Netbasis can provide Answers to Investment Tax Issues
Netbasis generates a complete detailed report that can be used as a blueprint for your client's tax strategy.
To learn more, schedule a demo today.
Netbasis Featured Tools
Tax Loss Harvesting
The Netbasis Tax-loss Harvesting feature will first verify the cost basis accuracy on any existing security position(s). Second, Netbasis will provide custom simulated sale scenarios to reach an efficient tax loss harvesting strategy.
Wash Sale Loss & Detection
The Netbasis wash sale loss deferral feature is a “must have” tool. Users can quickly identify any of the 30 most complicated wash sale tax scenario violations in seconds.
Crypto, Equities, PTPs
The crypto tool can upload multiple transactions via CSV file and process multiple tokens simultaneously. Netbasis currently covers over 500 cryptocurrencies and updates its database daily.
Tax Sale Planning
Netbasis provides a tax sale planning tool that allows users to predetermine the right sale methodology decision before the actual sale. A detailed report identifying the specific tax lots required to achieve the desirable tax strategy.
Charitable Planning
Netbasis provides a charitable tax optimization tool that allows users to maximize their planned giving strategy by creating smart “what if” contribution tax saving simulations.
Investment & Wealth Tax Management Tools
Netbasis is a first of its kind versatile platform that allows advisors to access several wealth tax analytical tools in the area of:
Retrieval and Verification
Cost Basis Reporting and Verification
Estate Valuation
Other Tools
Tax Planning and Analysis
Tax Sale Planning
Tax Strategy Simulator
Common Equities & Mutual Funds
Netbasis is the only investment tax tool that can determine the historical cost basis of virtually any security going back as early as 1925. Our rich proprietary data and patented technology allows Netbasis to provide other key wealth management tools that are essential to our users. What makes the Netbasis so effective all starts with an accurate cost basis, which in turn is the necessary starting point to produce real and individualized results when making smart tax strategy and planning decisions.
Additional Cost Basis Functionality
- Tax Lot Accounting: Every full and/or fractional purchases and sales are treated as tax lots.
- Complete Adjust Cost Basis: Provides both adjusted cost basis totals and per share results.
- Share Adjustments: Provides the adjusted number of shares based on corporate action events.
- Remaining Shares: Calculates the cost basis of any remaining shares held to date.
- No Effect Mergers: Provides corporate merger information even when it does not affect the basis.
- Dividend Reinvestment: Calculates each dividend reinvestment made during the holding period.
- Systematic Investments: Calculates each systematic purchase made during the holding period.
- Systematic Withdrawals: Calculates each systematic sale made during the holding period.
- Forward Tracker: Identifies the survivor when a purchase date is after the start date available.
- Back Tracker: Identifies the predecessor when a purchase date is before the start date available.
- Equity Mapping: Identifies the family tree of parent and spin-off companies in a single view.
- Spin Off Tracker: Follows the selected spin-off company from the parent to a chosen end point.
- Return of Capital: Calculates the adjusted cost basis with return of capital dividend payments.
- Display Dividends: Displays all dividend payment information received during a holding period.
How can this feature help me?
The Cost Basis tool can be highly effective for missing cost basis information or existing cost basis information that needs to be verified. This cost basis tool will accurately calculate gain/loss and 8949 tax reporting or when making important investment planning and tax strategy decisions.
It all starts with your Netbasis!
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