Total Transactions Processed
325M+
PROVEN ACCURACY
The Cost Basis Tool
Netbasis
®
For Tax Professionals
Netbasis is a crucial tool for tax professionals, providing their clients with accurate and efficient tax basis information, while saving valuable time and minimizing errors.
Providing Reliable Investment Tax Solutions for over 25 Years
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How can Netbasis help me?
Netbasis is a vital tool for tax professionals navigating complex corporate actions like mergers, spin-offs, and dividend reinvestments, particularly for trades before 2011. With over 90 years of data history, it simplifies tracking and adjusting securities' cost basis. Its transaction-based pricing facilitates accurate client billing, enhancing financial reporting accuracy and streamlining workflow, enabling professionals to deliver precise and efficient outcomes to clients.
What's the minimum I need to calculate my client's cost basis?
All you need are the share dates and number of shares. Your Brokerage Firm, Transfer Agent or Company will have that information for you. If you need help on how to collect that information click here for helpful tips.
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.
How can Netbasis improve my business?
Assist Clients in Eliminating Zero Cost Basis
Netbasis enables you to help clients save on taxes while enhancing the value of your services.
Invoice Clients per Transaction
Netbasis offers a cost-effective rate of just $30 per security transaction, allowing for itemized billing tailored to each client.
Streamline Your File Closures
Eliminate unnecessary delays and back-and-forth with clients regarding 1099-B information.
Offer Additional Tax Planning Services
Netbasis provides tools for various tax planning services, including Date of Death (DOD) valuations, gifting, and charitable giving optimization.
BUY ONE NETBASIS CREDIT
GET ANOTHER FREE.
The Netbasis Promotion for Professionals is here!
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 professional account set up, you can now address your client’s most intricate cost basis problems and instantly produce a time-ordered report.
Netbasis: A Comprehensive Suite of Tools for Tax Professionals
ESPP Cost Basis
Netbasis ESPP tool will adjust the tax basis, capital gain/loss amounts, and ordinary income are instantly calculated.
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
A Century of Complete Coverage
We have all
your security’s
corporate actions.
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.
A Century of Complete Coverage
We have all
your security’s
corporate actions.
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.
Advanced Security
512 Bit
AES ENCRYPTION
Years of Service
25 Years
THE POWER OF
RELIABILITY
Securities Covered
115K+
EQUITY & DIGITAL
ASSETS
Frequently Asked Questions for Tax Professionals
Does Netbasis have ALL of my historical investment information?
Netbasis has the pricing and corporate events (splits, spin-offs, mergers, etc.) and dividends for your investment but we don’t have your personal investment information.
Netbasis has multiple features that can assist you when you don’t have all your purchase information, but you have to at least have a complete purchase date.
How Do I find out my original purchase date(s) and number of shares?
If you don’t have this information in your records, there are only three possible sources that may have your investment information:
1 . The company in which you own shares.
2. The transfer agency for the company in which you own shares.
3. Your brokerage firm.
When reaching out to any of these options, it is important to ask specifically for your investment history and not your cost basis. None of these entities are required to report your cost basis prior to 2011 on the 1099-B, so they will answer a question about cost basis accordingly. Asking specifically for the oldest date and number of shares in the records is a good place to start.
Can I still use Netbasis if I don't have my purchase price or amount?
Yes, Netbasis will calculate the average price by taking the high and low prices from the purchase date into account, and then proceed to adjust for any corporate actions that have occurred.
What does a Netbasis cost basis report include?
In the Summary section of the report, the adjusted cost basis (both per share and in total), the gains or losses for both long-term and short-term periods for covered and non-covered shares (detailed per share and in total), and the sale proceeds (per share and in total) are presented. Should there be a partial sale, information regarding the cost basis and the fair market value of the remaining shares is also included. The Detail section offers a comprehensive breakdown of all corporate actions and dividends (where applicable) that have been factored into the calculations, serving as essential documentation for personal records or for submission to a professional.
Can I export my cost basis results to an IRS 8949 and 1020S (Schedule D) form?
At the beginning of the report page, users can find the functionality to download the cost basis and profit/loss figures into a digital format for both the current and previous year's IRS Form 8949 and Form 1020 S (Schedule D).
This Professional Special Offer is a 50% discount from our full cost per credit of $30.00
This Professional Special Offer is a 50% discount from our full cost per credit of $30.00
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