Wash Sales

One of the most time consuming and tedious aspects of tax reporting is the calculation of wash sales. Manual calculation of the adjustment can require significant man hours to accomplish. FundTax fully automates the wash sale calculation process allowing for instant reporting of the appropriate tax adjustments.

Need Wash Sale Feature
Wash sale processing FundTax fully automates the wash sale reconciliation process and provides book and tax gain/loss reports.

Wash sale processing

Designed on a platform optimized for high speed calculation, FundTax rebuilds a fund's transaction history, factors in corporate action events and calculates wash sales resulting in accurate and timely tax figures for use in tax return preparation.

FundTax provides full tracking of wash sale deferrals and reversals and adjustments made due to increased holding period. Detailed customized reports provide an audit trail of all wash sale adjustments.