Cost Basis Plus

Cost Basis Plus is a new Checkpoint tool that RIA developed with XciTax, a third-party provider. You can use this tool to research the securities information you need to complete 1040 Schedules B and D. With this Web-based, always current, automated securities payment research tool, you can access the following:

Stock dividends (12 years of Standard and Poors dividend information)
Mutual funds (back to 1990)
Bond interest (back to 1999)
Cost basis with automated calculations (back to 1900)

You can track Dividend Reinvestment Programs. Cost Basis Plus also contains other features, such as client worksheet software and integrated client contact (CRM) to make the use of the product as efficient and valuable as possible.

Note: This service is updated nightly; therefore, the data you get is always current as of the previous business day.

Log on to Cost Basis Plus

If you are a Cost Basis Plus subscriber, you can access this product in Checkpoint by performing the following steps:

Click the Tools tab.

Select the Cost Basis Plus link in the left frame.

Click the Continue button on the Cost Basis Plus intro screen.

Under Account Login, type your login information in the E-MAIL and PASSWORD fields.

Click Login.

The XciTax Main Menu displays four information repositories that you can access.

Dividend Lookup

To look up specific stock dividends, perform the following steps:

Click Dividends. The Dividends tab appears.

To identify a security, type a CUSIP or ticker symbol in the Enter CUSIP or Ticker field.
Note: CUSIP stands for Committee on Uniform Securities Identification Procedures, which is the committee that assigns the numbers to securities for identification.

If you do not know the CUSIP or ticker symbol, use the Company Lookup feature.

In the Select Tax Period field, type the calendar year for which payment information is required.

Click Submit to see your search results.

Dividend results include Amount, Declared Date, Ex-date, Record Date and Pay Date. You can print this screen or save it to a client worksheet.

Income Audit Lookup

Use the Income Audit feature when you are looking for results that span a period of time outside of a calendar year.

Click Dividends. The Dividends tab appears.

Click Income Audit in the upper right portion of the Dividends tab.

Complete the fields on this screen and click Submit.

The results of your Income Audit include all payments listed over the period you designated, with totals at the bottom. You can print these results or save them to a client worksheet.

Note: The following screen shows an example of the results obtained from using the Company Lookup feature when you don't know exactly which company (or affiliate) to search

Clicking a CUSIP in the right column will automatically populate that security's information into the Search screen.

Income Audit with DRIP Results

With the Income Audit feature, you can also find information about the cost basis of stocks and mutual funds that were purchased as part of a Dividend Reinvestment Plan (DRIP). Simply enter the number of shares purchased (or held), the begin date and the date that ends the period.

Note: Some mutual funds and more than 1400 stocks offer DRIPs. The cost basis information on the reinvested dividends (amount of dividend, shares purchased, cost per lot, cumulative totals, average cost per reinvested dividend and average overall cost) are provided for Lookups with a Purchase Date after June 1999.

Mutual Fund Lookup

A Mutual Fund Lookup is similar to a Dividend Lookup. XciTax puts 12 years of Mutual Fund information at your fingertips. Results include Amount, Declared Date, Ex-date, Record Date and Pay Date. You can print these results or save them to a client worksheet.

Interest Lookup

XciTax delivers Interest information from more than 100,000 corporate bonds. Results include Amount, Record Date and Pay Date. You can also print these results or save them to a client worksheet.

Income Audit Lookup