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Lots and lots of options...online support is very helpful too...organized, clean and easy to use
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A tad tricky at first...but once you get the hang of it...you will love it!
What problems are you solving with the product? What benefits have you realized?
Medical billing and claims filing is sooo much easier...more time to research instead of filing
2018-12-31
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2021-04-19
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2020-05-18
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2025-03-14
Share Identification Text Feature
The Share Identification Text feature offers an innovative way to streamline how you manage and share information. With this tool, you can easily identify and share relevant text among users, making collaboration simpler and more effective.
Key Features
Effortless identification of text segments
Seamless sharing across various platforms
User-friendly interface
Enhanced collaboration tools
Robust security measures for shared information
Potential Use Cases and Benefits
Teams collaborating on projects can quickly share important excerpts
Educators can easily distribute relevant information to students
Researchers can identify and share critical findings with peers
Writers can streamline the process of giving feedback on text
Businesses can share updates or policies with staff efficiently
This feature solves the problem of cumbersome text sharing and identification. Instead of sifting through endless messages or documents, users can find and share the exact information they need with ease. By simplifying this process, it saves time and enhances productivity across teams and organizations.
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Below is a list of the most common customer questions. If you can’t find an answer to your question, please don’t hesitate to reach out to us.
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What is specific share identification method?
Specific Share Identification is an accounting strategy for investors who wish to optimize their tax treatment when selling off their holdings in a particular company or fund which were originally purchased at different prices and different times.
What is specific identification cost basis?
The specific identification method of calculating the tax basis for shares is when you choose which shares of the same company or mutual fund that are purchased at different times and prices to sell. With this method, you choose the shares that will minimize your taxable gains or offset other gains.
How do you determine cost basis?
You can calculate your cost basis per share in two ways: Take the original investment amount ($10,000) and divide it by the new number of shares you hold (2,000 shares) to arrive at the new per-share cost basis ($10,000/2,000 = $5).
What if cost basis is unknown?
To find an unknown cost basis for stocks and bonds, you first must determine the purchase date. If no purchase records exist, take an educated guess about when you might have bought the securities based on life events happening when they were purchased. If you inherited the stocks or bonds, find the date of death.
Can you use average cost basis for individual stocks?
Average Cost Double Category (ACDC) ACDC is a method the Internal Revenue Service allows for calculating cost basis on mutual funds. It may not be used to figure the cost basis when selling individual bonds and stocks. With ACDC, the cost basis is calculated based on how long the shares were held.
Can you choose which shares to sell?
When you decide to sell a portion of your holdings in a stock, you have to decide which shares you actually want to sell. Two of the most common methods used in this decision are known as FIFO and LIFO, and the choice you make can have a big impact on your taxes.
Which shares should I sell first?
The first-in, first-out method is the default way to decide which shares to sell. Under FIFO, if you sell shares of a company that you've bought on multiple occasions, you always sell your oldest shares first.
How do I sell specific shares?
The specific-shares method only works if certain conditions are met. The method requires that the investor has purchased multiple lots of the same security at different prices, is selling only some of the investor's shares in a stock and has kept a record of the cost basis of each stock or fund purchase.
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