Five Documents To File Your Taxes
You will need a maximum of five documents about the assets you have under management with Anselme Capital in order to file your taxes. If you want to save yourself the irritation of form gathering and filing you can skip to the last paragraph of this post.
1. The December 2012 statement for your IRA
If you have an IRA (Regular, Roth or SEP). You should check the December 2012 statement for this account because that statement will summarize, on its page 2, all the contribution that you have done, before the end of 2012, for that tax year, into that account. You will need that info to file for your taxes. If you haven’t contributed, you still can and it may be something that is advantageous for you to do, then contact me.
To get to your IRA statement go to:
http://anselmecapital.com/client-resources.html
click on the TD Ameritade Institutional logo
enter your user ID and password (call me if you forgot)
in the “account” tab, choose “account center”> “documents”> “statements”
then click on “December 2012” a pdf of the needed statement will appear.
2. The 1099R statement for your IRA
If you did a 2012 distribution from your IRA (Regular, Roth or SEP), there will be a 1099R document and you will need it to file.
To get to your 1099R go to:
http://anselmecapital.com/client-resources.html
click on the TD Ameritade Institutional logo
enter your user ID and password (call me if you forgot)
in the “account” tab, choose “account center”> “documents”> “tax forms”
3. A 1099 for your regular account (not IRA)
This document will summarize the interests, dividends and capital gains that have been distributed by the funds you own in that account. By law, funds that generate capital gains by selling securities during the year inside the fund must distribute them to you (even if you have chosen to reinvest them in the fund). For Dimensional funds, capital gains distributions tend to be small since the turnover is low.
To get to your 1099 go to:
http://anselmecapital.com/client-resources.html
click on the TD Ameritrade Institutional logo
enter your user ID and password (call me if you forgot)
in the “account” tab, choose “account center”> “documents”> “tax forms”
4. A capital gain/loss report
Besides the capital gains that are distributed by funds, some capital gains/losses occur at the occasion of the sales of funds in your portfolio. You may have sold funds because you needed to withdraw cash, or because your account has been rebalanced so that you stick to the portfolio model that fits you.
To generate a capital gain/loss report go to:
http://anselmecapital.com/client-resources.html
click on the TD Ameritrade Institutional logo
enter your user ID and password (call me if you forgot)
in the “account” tab, choose “account center”> “overview”
On the green bar that includes “account positions” “account history” on the far right click on “track your cost basis” then select
“Realized sell activity” “year 2012” “covered and non covered””all sec type”
and press “view” then “print”
This will generate a pdf of your capital gains and losses, short or long term. It will accounts for all the cost basis of every fund that was sold.
5. Anselme Capital management fee receipt for the year 2012
This spreadsheet provides you with the fees Anselme Capital charged for the management of your account in 2012. These fees may be tax deductible, ask your accountant.
To get to your 2012 management fee receipt go to:
http://anselmecapital.com/client-resources.html
click on the Dropbox logo
login. I have no clue about your passport, contact Dropbox if you lost it.
In our shared folder with a name starting with AC you will see an Excel spreadsheet named “1–12 fees for…”
All fees are there, they have all been charged during the calendar year 2012 for management during that calendar year.
I know from experience that filing taxes and related administrative procedures are at the top of your list of favorite activities. If you want nothing to do with all this you can simply contact me and ask for the list of documents you will need to file, I have access to all of them. Even better, you can introduce me by email to your accountant and I will then deal directly with that accountant, this year and the next.
Cheers
Marc Anselme
I would like to thank my old friend for taking me freeride skiing in the beautiful domain of Jackson Hole. Nice vertical drop, good snow, nice couloirs…a thirty five year throwback in time. I did not know I had so much fuel left in me.
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Originally published at anselmecapitalblog.com on March 06, 2013.
