Charles Schwab

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Contact the Client Reporting Services Team at
877-762-6446 or ascostbasis@schwab.com

Technology Tools

We continue to add tools that will help you make sure your clients' data matches what Schwab reports to the IRS—enabling you to serve your clients better. Before the first phase of the legislation went into effect, we rolled out new enhancements for equities and ETFs, such as online trading tools and new data download files. This year, we are adding new functionality for mutual funds.

Specified Lot Trading Now Updated for Mutual Funds

Schwab's Specified Lot Trading functionality within the Web Trading Applet can help you optimize a client's taxes while complying with cost basis requirements. You can now provide lot instructions for mutual funds either at the time of trade, or post-trade.

New Cost Basis Data Files Make Reconciliation Easier

We've enhanced our data files and created additional ones to support better integration with your portfolio management system. The updated files also allow for more timely reconciliation and error checking—especially important as new cost basis reporting requirements take effect in 2012. Get the files >

Featured Resources

Take a look at some of our most popular documents for a better overview.

Overview of Reporting Requirements

ENLARGE >

Client
Toolkit

DOWNLOAD >

2012 White
Paper

DOWNLOAD >

Reconciling Lot Instructions Guide

DOWNLOAD >

New Cost Basis Data Files

New cost basis data files are available in your daily downloads as of February 12. The annual RGL files reflect corrections and adjustments that came in after December 31 and could be useful for tax preparation purposes. The files will be overwritten with additional adjustments on March 11. You can find details for the Updated Year End RGL files in the technical specifications.

SEE THE SPECIFICATIONS >

Import File Formats

We've updated our system infrastructure with file specifications to enhance data transfer between Schwab, advisor firms, and third-party providers and technology partners.

SEE THE SPECIFICATIONS >

Download Specifications

Third-party providers can access technical specifications for Schwab data downloads to help prepare for the system changes.

SEE THE SPECIFICATIONS >

Wash Sale Indicator

You can now see positions and transactions that have been adjusted within the Cost Basis Unrealized and Realized Gain/Loss (UGL/RGL) pages.

LEARN MORE >

Recap of 2011 Cost Basis Changes

Videos are for illustrative purposes only, may be historical in nature and should not be used as a basis for any investment decision. Any investments reflected are for illustrative purposes only and are not intended to be nor should they be construed as a recommendation to buy sell or continue to hold any investment. (0611-3088)

Overview of Reporting Requirements

Screen shots are for illustrative purposes only, may be historical in nature and should not be used as a basis for any investment decision. Any investments reflected are for illustrative purposes only and are not intended to be nor should they be construed as a recommendation to buy sell or continue to hold any investment. (0611-3088)

Cost Basis Methods

New Cost Basis Data Files Make Reconciliation Easier

Featured Resources

Overview of Reporting Requirements

Client Toolkit

2012 White Paper

Reconciling Lot Instructions Guide

Client
Toolkit

2012 White
Paper