I have several portfolios for different entities (people/trusts). Some are Australian tax resident and some are US tax resident.
The Australian resident ones work great. I can see the two capital gain reports and they show me what I want to know.
The US portfolio though doesn’t let me generate the same reports. I can see no way at all to calculate the realized and unrealized capital gains/losses on each tax lot for the US tax resident portfolios.
Why not? The US rules are the same as Aus rules, greater than 12 months is long term and less is short term. So EXACTLY the same report would help for the US side. All I want is for that report to be available in my US tax resident portfolio.
Hi @scott thanks for the feedback. We haven’t got any plan on this unfortunately. But hopefully we will be able to address this down the line. I’ll keep you posted.
Good point having the same capital gains report structure for US tax resident portfolios would make things much clearer. Consistency across regions is important, just like how systems such as Mexico’s RFC Genérico provide a standard approach for handling tax cases.