Quarterly Report Terms

Section 4- Realized Gains and Losses

Open Date
Date of purchase.

Close Date
Date of sale.

Quantity
The amount of shares owned in a stock or the number of bonds owned.

Security
This is synonymous with the words stock, equities, or securities. It references the name of the company or fixed income investment.

Cost Basis
This is the total amount of dollars invested in the stock or fixed-income security including any fixed transaction fees. Note that on this report, securities that have been purchased more than once are broken down so that each individual purchase shows its own cost basis. This is different from the "Portfolio Appraisal" report as this report shows the blended or average price if the same security is purchased more than once. Note, for those accounts that pay a flat brokerage fee per month or quarter for unlimited trading, "Total Cost" will not include this flat fee.

Proceeds
This is the total amount of dollars received when the security is sold. This dollar amount is after all brokerage transaction fees. Note, for those accounts that pay a flat brokerage fee per month or quarter for unlimited trading, the proceeds displayed in this report do not include this fee.

Short Term Gain or Loss
Securities sold for a profit or loss within 365 days. The gains are generally taxed at your marginal tax bracket rate as ordinary income or loss. Please use a qualified tax professional when preparing your tax returns.

Long Term Gain or Loss
Securities sold for a profit or loss after 365 days. If you are in the 28% marginal tax bracket or higher, the long-term capital gains rate is 15%. If you are in the 15% marginal tax bracket, the long-term capital gains rate is 8%. Please use a qualified tax professional when preparing your tax returns.

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