Printer Friendly

United Kingdom : G2 FinTech introduces new tool for prospective wash sale purchases.

G2 FinTech, the tax analysis software provider for investment managers said it will add to its TaxGopher engine a reporting tool for prospective wash sale purchases.

This new tool will enable investment managers to find out which previously sold securities, if replaced through a purchase transaction, would result in a wash sale.

For each previously sold security, the tool will break down realized gains and losses both separately and adjusted for the prospective wash sale, the number of sales subject to the wash sale, and the prospective wash expiration date. These kinds of acquisitions are required to come within a month of an existing realized loss in order to trigger a wash.

Brian Roberti, managing director of G2 FinTech said TaxGopher's new reporting tool will enable investment managers to help in decision making through the proactive tax analysis of securities transactions before the trade. Until now, TaxGopher has been providing assistance to the middle and back-office to meet tax compliance requirements. Now it serve the front office as a pre-trade decision support tool for tax-sensitive funds.

2012 Al Bawaba (Albawaba.com)

Provided by Syndigate.info an Albawaba.com company
COPYRIGHT 2012 Al Bawaba (Middle East) Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2012 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Mena Report
Date:Sep 12, 2012
Words:189
Previous Article:United Kingdom : Delcam Polska opens a second office in Katowice.
Next Article:United Kingdom : ZUMZUM LTD. unveils Zumzum Financials for Salesforce.
Topics:

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters