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Pastimes : Investor Accounting

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From: HIA2/19/2010 4:31:34 AM
   of 19
 
This year I'm using the KBH Investor Accounting Supplemental Application to print out the realized trades in the one line format and then I'm constructing Schedule D continuation sheets with copy-and-paste and with text-file landscape printing. And the instructions for Schedule D do say that the tax filer can construct their own continuation sheets.

Just keep the trades entered throughout the year and then at the end of the year all the trades print out. Just quickly mark the long-term trades on the print-out by reading the purchase date throughout the print-out.

(If KBH Investor Accounting matches the brokerage statement each month, then at the end of the year the trades can be printed-out without mistake. However, the brokerage statement uses settlement dates while the IRS uses trade dates. So if inputting settlement dates, a trade date during the last three days of the year should also be given a settlement date on the last day of the year.

Now if inputting trade dates instead of settlement dates, the brokerage statement can be confirmed by putting the month-ending value on a security to be sold during the last three days of the month. Then once the brokerage statement is confirmed, the trade can be closed out with the trade date and the trade price.)

Of course the main purpose of KBH Investor Accounting is to track the investor's own enterprise result so that investor strategies can be confirmed or changed.

Now KBH Investor Accounting is professional in nature in that all aspects of the program are equal in importance and operation.

In all KBH Investor Accounting has a Portfolio book, a Register book of historical trades, a Mark-to-Market book of realized gain/loss combined with unrealized gain/loss, a Realized Accounting book of matched trades, and a Transaction input book.
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