G2 FinTech Introduces Pre-trade Wash Sale Tool


The tax analysis software provider for investment managers says it will augment its TaxGopher engine with a reporting tool for prospective wash sale purchases.

The addition will allow investment managers to determine which previously sold securities, if replaced through a purchase transaction, would trigger a wash sale.

For each previously sold security, the tool breaks down realized gains and losses both separately and adjusted for the prospective wash sale, the number of sales subject to the wash sale, and the potential wash expiration date─to trigger a wash, these kinds of acquisitions are required to come within 30 days of an existing realized loss.

"TaxGopher's new reporting tool will help investment managers with their decision making through the proactive tax analysis of securities transactions before the trade. To date, TaxGopher has been helping the middle and back-office to meet tax compliance requirements, but now we have extended it to serve the front office as a pre-trade decision support tool for tax-sensitive funds," says Brian Roberti, managing director of G2 FinTech. 

  • LinkedIn  
  • Save this article
  • Print this page  

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: