DTCC launches AccuBasis for cost-bases info

The Depository Trust & Clearing Corporation (DTCC) and NetWorth Services, have launched AccuBasis, a new web-based information service which provides cost-basis information for a variety of financial service firms and their customers. Investors need cost-basis information in order to report gains or losses when filing tax returns, a traditionally onerous undertaking. According to the DTCC, AccuBasis automates and streamlines the research process and delivers adjusted cost-basis information i