cakeen
Level 3
03-16-2023
10:53 AM
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itonewbie
Level 15
03-16-2023
06:50 PM
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Nope, there's not.
That's something I'd keep on the Carryover Notes and the folder for carryover.
Personally, I would not track stock basis for clients, especially since most are covered securities these days.
The only thing that I still track in relation to stocks (only because clients often don't understand its significance) is nondividend distributions.
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cakeen
Level 3
03-17-2023
11:50 AM
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What do you mean by "keep on the Carryover Notes", and ""folder?" Is there a section named that? TIA
itonewbie
Level 15
03-17-2023
12:35 PM
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That's the old fashion client file setup when things were done on paper and is replicated in electronic formats these days. Whatever you decide to do, it'd be outside of ProConnect Tax.
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Still an AllStar
Still an AllStar