GainsKeeper®

Wash Sale Reporting for Geneva

Company Overview
GainsKeeper® FundTaxPro, from Wolters Kluwer Financial Services, delivers automated tax calculations & reporting solutions for more than 3,000 U.S. mutual and hedge funds. By helping funds avoid wash sales, manage capital gains distributions & increase after-tax performance, GainsKeeper® FundTaxPro can reduce the time spent on tax compliance and minimize the risk of tax reporting errors.

Automated Wash Sales
GainsKeeper® FundTaxPro provides complete tracking of wash sale deferrals and reversals, holding period carry-overs, and basis adjustments. Wash sale algorithms are fully integrated with corporate action functionality — relieving the arduous task of manual tracking across reorganizations. GainsKeeper® FundTaxPro’s customized reports provide detailed audit trails of all wash sale adjustments.

Automated Straddles
Complex tax rules make manual tracking of straddles and their deferred losses tedious & time consuming. With its automated straddle tracking functionality, GainsKeeper® FundTaxPro automates and simplifies this task, applying both of the two distinct loss deferral rules and then tracking positions in future periods.

Automated REIT Basis Adjustments
GainsKeeper® FundTaxPro tracks, calculates and reports on all relevant tax adjustments related to REIT securities and their distributions. It automates the calculation of Return of Capital, Long term Capital Gain and §1250 amounts paid on REIT securities. GainsKeeper® FundTaxPro also tracks basis adjustments on securities sold and calculates the appropriate gain or loss.

The Flexibility You Need
Compatible with many industry-standard portfolio accounting systems — including Advent Geneva®, GainsKeeper® FundTaxPro is delivered as an ASP solution. This helps minimize technical hurdles you may face in your enterprise and ensures you are using the latest software.

For more information, please visit www.gainskeeper.com