Released April of each year

Overview:

CFS Schedule D Tools™ contains software tools that keep track of a client's cost basis in stocks across multiple portfolios. The reports in Schedule D Tools™ include a fileable Schedule D-1 Continuation Sheet, as well as a Realized Gains and Losses report to produce the net amounts needed for your tax preparation software. Schedule D Tools™ allows data entry throughout the year for high volume traders, generates reports to facilitate mid-year tax planning, and calculates and correctly reports complicated wash sales—even same-day and cross-portfolio wash sales.

Features:

• Easy Input Security Transaction Register.
• Stock/mutual fund symbol & name searchable database.
• Input screens for splits, sell by lot, adjust shares by lot.
• Automatic short/long term calculations.
• Mutual fund basis method choices include average cost basis or lot basis.
• Each client can have multiple portfolios.
• Automatic wash sale computation.
• Calculates simple short sales.
• Historical prices may be entered or downloaded from the Internet in order to produce an Unrealized Gains Report as of a specified date (useful for tax planning, intangibles tax reporting, and estate tax valuation).
• Reports for 1999-current tax years, as well as a fiscal year.
• Prior-year closed positions can be archived.
• Reports saved and/or exported as PDF or Excel files.
• Columns in the Security Transactions Register can be rearranged for easier data entry.
• Client data can be imported from Excel files and comma delimited files.
• Client Data Entry version available—give it to your tax clients—they can enter their own transactions year round.
• Client info imports from CFS programs and other tax programs.
• Imports saved Mutual Fund Cost Basis files from TaxTools.

Transaction Types:

• Buy
• Reinvest dividends
• Inherited
• Short sale and short cover
• Sell (by lot or FIFO)
• Stock split
• Adjust basis
• Adjust shares (by lot or FIFO)
• Convert shares to another stock symbol

Reports Available:

• Fileable Schedule D-1 Continuation Sheet
• Year-to-date Realized Gains/Losses
• Unrealized Gains/Losses (Portfolio Value)
• Current Holdings
• Security Basis