Considerations
An exchange traded fund (ETF) is an investment vehicle made up of a fixed portfolio of stocks that usually matches a particular stock index, or tracks a specific sector of the stock market. They are generally fixed pools with little or no management activity. An ETF is typically taxed as a mutual fund under tax rules for regulated investment companies and its shares are generally treated as stock for tax purposes.
Use this page to manually record short positions that you held open at the time your broker sent your trade data.
Click one of the icons above to view either a list of the transactions available for that category, or click the Baseline Holdings icon to access the Add New Baseline Holdings page.
Procedure
From the Manually Record Trades page, click the Record ETF icon to access the ETF - Record Transaction page. From this page, select Baseline Short from the Action drop-down list. The ETF - Record Baseline Short Transaction page displays.
Select the account to which to record this transaction, from the In Account drop-down list. If you only have one account, this drop-down list is not displayed.
By default, the Action on this page is set to Baseline Short. To change this, select a different transaction from the Action drop-down list. The fields that display depend on the transaction that is selected.
Enter the date of the transaction in the Transaction Date (mm/dd/yyyy) field. You can also click the Calendar icon and select the appropriate date from the calendar that displays.
Select the Symbol radio button - Enter the security Symbol in the field provided. You can then click Verify to confirm you have entered the correct symbol for the security. Once you click Verify, the corresponding 9-digit CUSIP displays in the CUSIP field.
Select the CUSIP radio button - Enter the 9-digit CUSIP of the security in the field provided. You can then click Verify to confirm you have entered the correct CUSIP for the security. Once you click Verify, the corresponding security symbol displays in the Symbol field.
Select the type of security from the Security Type drop-down list. By default, this field is set to ETF for this transaction.
Enter the number of shares as of the baseline date in the Shares as of Baseline Date field.
Enter the Baseline Date, which is the last date you updated your holdings and cost basis. You can also click the Calendar icon and select the appropriate date from the calendar that displays.
Enter the total proceeds in the Total Proceeds as of Baseline Date field.
To record the Baseline Short transaction, click the Record button. To record the transaction and continue to enter additional transactions, click the Record &Repeat button. To leave this page, without recording the transaction, click the Cancel button.
Example
Click here to view an example of the ETF - Record Baseline Short Transaction page.
Click any of the numbered areas below to view the procedure step for the selected field.
