Patent ID: 8768814
Filing Date: 2014-07-01
Classification: G06Q

Abstract:
1. A system for determining a cost basis associated with a plurality of shares of a security, comprising: a computer having a user interface that receives information identifying an issuer associated with the security, a purchase date of the security, a number of shares of the security purchased on the purchase date, and a sale date of the security; a database coupled to the computer, wherein the database stores a purchase price per share of the security on the purchase date; and a medium storing instructions coupled to the computer, wherein the instructions when executed by the computer cause the computer to perform the following: retrieving from the database, in response to the information identifying the issuer, the purchase date and the sale date, a list of capital events that occurred in connection with the security between the purchase date and the sale date, wherein the list of capital events includes at least one event selected from the group consisting of a reinvested dividend event, a stock spin-off event, a stock merger event and a stock split event, and wherein the database stores past price per share information and capital events for a plurality of different securities associated with different issuers; retrieving from the database multiple cost basis adjustment ratios, wherein each of the cost basis adjustment ratios corresponds to one of the capital events that occurred in connection with the security between the purchase date and the sale date; and determining a current cost basis associated with the security by applying each of the cost basis adjustment ratios to the purchase price per share of the security, including: