bivio calculates realized gain and loss based on the information entered in your records for buys, sells and anything else that might affect your stock cost basis such as reorganizations like mergers and spinoffs.

If you reconcile your bivio records to your brokerage statement each month and your bivio records are accurate, the amounts shown will be correct. But, it is important to determine whether the amounts shown agree with what your brokerage is showing because, starting with stocks purchased in 2011, brokers will also be reporting this information to the IRS on 1099-B forms at tax time. This will give the IRS something to compare to what you report.

You can see what bivio has on the Capital Gains and Losses report which you can access from the Accounting>Reports page.

Your broker will probably have a report available to you on their website showing the same information. Many times it is called a "Realized Gains and Losses" report. The information on that report should be the same as what is shown on the bivio report. If there are discrepancies, it is important to find out why and make sure they are corrected.

If any of the differences are because of wash sales, make sure to contact us in support@bivio.com so we can make the adjustments that are necessary to update your bivio records.