Author Topic: Automated investing - Bluevestment vs LR vs .....  (Read 13066 times)


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Re: Automated investing - Bluevestment vs LR vs .....
« Reply #30 on: December 17, 2016, 08:07:06 AM »
I'm also definitely concerned about the tax reporting implications of folio trading in a taxable account (keeping track of adjusted basis on individual notes, etc).  If I ever do enable folio, it would be in my IRA.

That is one of the biggest reasons I don't use Folio right now in my taxable account. The thought of untangling all the buys, sells, cost basis, and related implications come tax time seems nauseating. There are so many other things I'd rather invest my time in than that.

Folio has a 1099-B for you. You can just use the summary sheet.

If I did begin using Folio I would take my chances with the 1099-B, I'm small fry :)