Wash Sales
Automate the calculation of wash sale deferrals and reversals, accounting for the current period as well as all prior years' activity.
Automate complex fund investment calculations & reporting including:
Straddles
Automate straddle position linking and tracking of deferrals accounting for the current period as well as all prior years' activity.
REITs
Automate the calculation of tax reallocations on REIT securities as well as basis adjustments on securities sold.
PFICs
Automate the calculation of the PFIC Mark-to-Market adjustment as well as the basis adjustment of sold PFIC's.
QDI/DRD
Automate the calculation of holding period and domestic vs. foreign classification for reporting on QDI and DRD.
FundTax leverages GainsKeeper's tax lot accounting system for transaction processing and excise tax reporting.
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Frequently asked questions
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Q1. What is FundTax®?FundTax® is an automated tax reporting and compliance solution designed for investment funds. It supports complex tax calculations and reporting requirements across multiple jurisdictions by leveraging the GainsKeeper® engine and integrating with existing investment and accounting systems.
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Q2. What types of fund tax calculations does FundTax® support?FundTax® supports complex fund level tax adjustments such as wash sales, straddles, passive foreign investment companies (PFICs), and real estate investment trust (REIT) reallocations. These calculations are applied consistently across portfolios to support accurate tax reporting.
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Q3. How does FundTax® help manage complex tax rules?The solution applies structured tax logic and automated processing to handle complex regulatory requirements that affect investment funds. By centralizing these calculations, FundTax® helps reduce manual effort and improve consistency across tax workflows.
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Q4. Does FundTax® support portfolio level reporting?Yes. FundTax® performs portfolio level calculations and delivers outputs that can be used in downstream tax reporting and compliance processes, helping institutions manage reporting across multiple funds and asset types.
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Q5. Who typically uses FundTax®?Directors of tax, tax managers, operations teams, financial analysts, and compliance professionals use FundTax® to manage fund level tax complexity and support reporting requirements.