Answer the questions below as accurately as you can to decide which setup method suits your situation.
Do you want to track performance measures and get tax planning assistance?
Performance measures | Tax planning |
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Your investment performance reports are complete and accurate. You can also analyze your holdings, balance your asset allocation, and monitor your portfolio's performance. | Your investment-related tax reports are compete and accurate. When you sell a security, the Capital Gains report includes information to help you prepare Schedule D. You can also reduce your tax liability before you sell by trying out different sales scenarios in the Capital Gains Estimator. You can even import investment-related tax information directly into TurboTax. |
If you want complete performance measures and tax tracking assistance, enter all historical/missing transactions. |
Do you want tax planning assistance to include securities that you've sold?
Do you have access to all historical transaction information?
- This account is very active or you've held it for several years, and
- Your brokerage reports adjusted cost basis on either your monthly statement or a website