Penny® tackles complex jobs like calculating layered realized gains, applying tax specific investor allocations, and creating investor supporting schedules.
These tasks are accomplished by combining your existing system’s portfolio information with Penny’s® financial information to produce tax information for both the fund and investor.
Layered and Aggregate Investor Allocations
- Realized gains - adjusts for corporate actions, splits, & basis changes.
- Investors percentages - layered for full withdrawals & assignments.
- Aggregate methods - Both full and partial netting supported.
- Back-loaded periods - generate tax information even without financial processing.
Comprehensive Adjustments
- Investor taxes adjustments - flow through from fund adjustments.
- Securities - tie adjustments to specific securities.
- Tax allocations - create adjustment methods just for taxes.
Returns & Supporting Schedules
- PDF returns - output the return on the government form.
- Create schedules & reports - with the built-in form editor.
- Retrieve information - query the tax calculation by references.
- Calculations - compute formulas right on the schedule.
- Tax maps – cross-reference financial results by account and subaccount.
- CCH ProSystem® – exports to 3rd party systems.