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Article: GainsKeeper FundTax Automates Wash Sale Calculations for Integrated Investment Services.
- Article from:
- PR Newswire
- Article date:
- December 6, 2006
CopyrightCOPYRIGHT 2006 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Tool Frees Resources While Helping Improve Accuracy
MINNEAPOLIS, Dec. 6 /PRNewswire/ -- Wolters Kluwer Financial Services today announced that Integrated Investment Services, Inc., a member of Western & Southern Financial Group(R), has adopted GainsKeeper(R) FundTax(TM), an automated tax lot service, to automate wash sale calculations for select mutual fund clients.
Calculating wash sales can be a time-consuming process and particularly complicated for fund administrators, who must calculate and verify loss deferrals and basis adjustments in order to generate accurate fund distributions. FundTax, the only tax lot accounting service with fully- automated ...