We just released the 2022 8949 IRS tax form. IRS Form 8949 is a form that reports your short and long term gains/losses for any sold investments in the tax year. If you had any investment sales in 2022, this form is a great way to easily calculate your losses/gains from this investment sale.
To generate Form 8949 click the Tools menu and choose the “Generate Form 8949” menuitem. On the “Generate Form 8949” page, click the Generate button. Your short-term and long-term gains/losses on any investment sales will then be calculated. Then a pdf format of IRS Form 8949 will be generated. This form has a short-term gains/losses section and long-term gains/losses section, which is what you need when filing your taxes.
IRS Form 8949 Example
Once this pdf form is generated, you can then send this pdf file to your tax preparer or print a copy of it.
We have recently added a new feature. When adding a new investment to your portfolio, you can easily lookup the investment to add. In the past when you added an investment to your portfolio, you needed to know the investment symbol. Now, in the Symbol field you can start typing, which will display all symbols and investment names that matches the text as you type.
Example of the new symbol lookup when adding a new investment
For example, as seen in the screen shot above, if you start typing “APA” in the symbol field you will get a list of symbols and investments that match this text. This will make finding your investment symbol much easier.
To choose a symbol, select the line that has the investment you want to add to your portfolio.
If you don’t find your symbol listed, just type in the symbol and tab to the next field. The symbol will then be checked to make sure it is a valid symbol. If it is not a valid symbol for an investment, you will get an “Invalid Symbol” message.
If you haven’t heard, Morningstar’s legacy stock portfolio manager is going away. If you were a previous user of Morningstar’s legacy portfolio manager and want a better alternative, consider EquityStat’s portfolio manager.
EquityStat is simple and easy to use and just works. It was developed by investors for investors.
With EquityStat’s stock portfolio manager, you can track all of your stocks accounts in one place. You can easily see the value of your entire portfolio, as well as the current gain/loss your portfolio. In addition you can see calculations for each individual investment (stock, mutual fund, ETF) such as today’s gain/loss, the percentage gain since you owned the investment, the investment’s realized gain, the stock’s annualized return and many other calculations.
EquityStat also displays all of the transactions for each investment in your portfolio. You can easily add, edit and delete any of these transactions. You can import these transactions into your portfolio by either manually entering them or importing them from a spreadsheet.
In addition you can create multiple portfolios, see performance graphs of your investments and analyze the holdings of your portfolio.
Example of EquityStat’s Portfolio Analyze Page
If you need help importing your Morningstar Legacy portfolio manager into EquityStat, contact our support staff here.
If you are a Morningstar legacy portfolio manager user and disappointed to see it go, checkout EquityStat!
It is that time of year when stocks and mutual funds pay their end of year dividends, short-term capital gains and long-term capital gains.
With EquityStat’s stock portfolio manager, it is easy to track and manage these dividends and capital gains.
If you have a stock or mutual fund that has paid a distribution, select the stock in your portfolio. Then in the transactions panel, click the Add button to add a new transaction.
Transaction Panel Example
Next, select whether you were paid a dividend, short-term capital gain or long-term capital gain from the Activity drop down. If you re-invest your dividends and capital gains, then you can select re-invested dividends, re-invested short-term gains, or re-invested long-term gains from the Activity drop down.
Once you have selected your distribution type, enter the rest of your dividend information and click the Add button.
Example of entering a short-term capital gain.
There are a couple of ways to track your dividends. For each stock you can display the amount of dividends (including short-term and long-term capital gains) the stock has paid. To display this metric, click the Options menu at the top and choose the Change Columns option from the drop down menu. Then add the Total Dividends to the list of displayed columns.
The analyze portfolio page also displays the amount of dividends paid (this includes short-term and long-term capital gains) over a period of time for your entire account or for a specific portfolio. To view the analyze portfolio page, click the Tools menu at the top and choose Analyze Portfolio option from the drop down menu.
We are pleased to announce that EquityStat has been named one of Dallas’ fastest growing Fintech companies. The companies on this list were selected based on their track record, executive leadership, market share and innovation.
Tesla’s (TSLA) stock split on August 25, 2022. It is a 3 for 1 stock split. So, for each share you own before the split, you get 2 shares.
If you owned Tesla (TSLA) stock before the split and you are tracking this stock in your EquityStat portfolio, how do you record the split?
First, select the Tesla stock in your investment panel. Next, in the transaction panel, click the Add button to add a new transaction. In the Activity drop down, choose a “Split” transaction. Enter how many shares were split, in this case it is a 20 for 1 split, and click the Add button to save the transaction.
Tesla Split Transaction
When the split transaction is saved, each transaction will be adjusted to reflect this split. The number of shares will be increased three times and the price will be divided by three.
For example, if you had the following transactions before the split.
Tesla transactions before the split.
After the split your transactions will look like this.
Tesla transactions after the split
Notice that before the split there were two buy transactions. After the split, the number of shares has increased 3 times and the price has been reduced by a factor of three. For example, the initial buy on 10/25/2018 was for a quantity of 200 shares. After the split, the purchased quantity is 600 shares. The price the shares were bought on 10/25/2018 was $52.39. After the split, the price paid was $17.46. These adjustments are all automatically done when you enter the split transaction.
If you have other stocks that have split, you can use the same steps to record your split. Just make sure that you enter the correct split information.
In the transaction panel, we now display the date the mutual fund price was last updated. Mutual fund prices are updated after market close. When viewing the price, you don’t know if the price is from the previous day or it is the current price. So, for mutual funds we have added the date the price was updated. This way you can know if the price is the current price or the price from the previous day.
EquityStat Mutual Fund Price Date
We have also added the percent change for the price for all investments and display the price in green if the price is up and red if the price is down.
Also, you can click on the name of the investment to view additional information about the investment on MSN Money.
Google’s (GOOG/GOOGL) stock is scheduled to split on July 15, 2022. It is a 20 for 1 stock split. So, for each share you own before the split, you get 20 shares.
If you owned Google (GOOG/GOOGL) stock before the split and you are tracking this stock in your EquityStat portfolio, how do you record the split?
First, select the Google stock in your investment panel. Next, in the transaction panel, click the Add button to add a new transaction. In the Activity drop down, choose a “Split” transaction. Enter how many shares were split, in this case it is a 20 for 1 split, and click the Add button to save the transaction.
Adding a split transaction in your EquityStat stock portfolio tracker
When the split transaction is saved, each transaction will be adjusted to reflect this split. The number of shares will be increased twenty times and the price will be divided by twenty.
For example, if you had the following transactions before the split.
Google transactions before the split
After the split your transactions will look like this.
Google transactions after the split
Notice that before the split there were three buy transactions. After the split, the number of shares has increased 20 times and the price has been reduced by a factor of twenty. For example, the initial buy on 7/14/2021 was for a quantity of 20 shares. After the split, the purchased quantity is 400 shares. The price the shares were bought on 7/14/2021 was $2641.65. After the split, the price paid was $132.08. These adjustments are all automatically done when you enter the split transaction.
If you have other stocks that have split, you can use the same steps to record your split. Just make sure that you enter the correct split information.
We have recently refreshed the user interface of your EquityStat portfolio on mobile devices. The user interface now looks, feels and works like a mobile app. If you have ever used the Weather Channel App or the ESPN App on your mobile phone, EquityStat works very similar.
To view your EquityStat account on a mobile phone, open up the phone’s web browser, go to www.equitystat.com and login to your account.
Example EquityStat Account on a Mobile Phone.
You will then see a list of all your portfolios at the top. You can swipe left at the top to scroll through all of your portfolios. Tap a “portfolio box” to see the investments in each portfolio.
To see details about a specific investment, tap the symbol for the investment. To view metrics about a specific investment tap the price button. Continue tapping the button to cycle through all of the investment metrics.
To add a new investment to your portfolio, tap the plus icon.
Amazon’s (AMZN) stock recently split. It was a 20 for 1 stock split. So, for each share you owned before the split, you got 20 shares.
If you owned Amazon (AMZN) stock before the split and you are tracking this stock in your EquityStat portfolio, how do you record the split?
First, select the Amazon stock in your investment panel. Next, in the transaction panel, click the Add button to add a new transaction. In the Activity drop down, choose a “Split” transaction. Enter how many shares were split, in this case it is a 20 for 1 split, and click the Add button to save the transaction.
Adding a split transaction in your EquityStat portfolio
When the split transaction is saved, each transaction will be adjusted to reflect this split. The number of shares will be increased twenty times and the price will be divided by twenty.
For example, if you had the following transactions before the split.
Amazon transactions before the split
After the split your transactions will look like this.
Amazon transactions after the split
Notice that before the split there were three buy transactions. After the split, the number of shares has increased 20 times and the price has been reduced by a factor of twenty. For example, the initial buy on 4/02/2014 was for a quantity of 100 shares. After the split, the purchased quantity is 2000 shares. The price the shares were bought on 4/02/2014 was $341.96. After the split, the price paid was $17.098. These adjustments are all automatically done when you enter the split transaction.
If you have other stocks that have split, you can use the same steps to record your split. Just make sure that you enter the correct split information.
