Adult IQ — Capital Gains & Investment Taxes Explained Practical Worksheet

Organize Your Investment Information • Track the Numbers • Be Better Prepared

Understanding capital gains and investment taxes is one thing.

Actually sitting down and organizing your own investment information is another.

The Capital Gains & Investment Taxes Explained Practical Worksheet is designed to help you take the information you've learned in the handbook and put it into practice.

Instead of having investment statements, purchase records, sales information, dividends, and tax documents scattered across different accounts and files, this worksheet gives you a practical place to organize the information you may need when reviewing your investments and preparing for tax time.

You don't need to be a tax expert.

The goal is simple: get your information organized, understand the numbers you're looking at, and know what questions you may need to ask.

What You'll Work Through

Investment Inventory
Create a simple record of the investments you own or have owned during the year and where the information can be found.

Purchase Information
Record important details such as the investment, purchase date, purchase price, number of shares or units, and other information relevant to your records.

Cost Basis Tracking
Use the worksheet to organize cost-basis information so you have a clearer picture of what you originally paid and what records support that amount.

Investment Sales
Record information about investments you've sold, including the date sold, sale amount, and related information.

Capital Gain or Loss Review
Use the worksheet to compare your purchase and sale information and identify transactions that may have resulted in a gain or loss.

Short-Term vs. Long-Term Review
Organize purchase and sale dates so you can identify the general holding period associated with an investment transaction.

Dividends & Distributions
Keep track of dividends and investment distributions reported during the year and identify where the related tax documents can be found.

Interest Income
Record relevant interest income information from applicable investments and accounts.

Investment Tax Documents
Create a checklist of the investment-related tax documents you've received and identify any documents you may still need to locate.

1099 Review
Use the worksheet to organize information reported on applicable 1099 forms and compare it with your own investment records.

Reinvested Dividends & Distributions
Record reinvested amounts so you have a better record of what happened with your investment activity throughout the year.

Investment Losses
Organize investment transactions involving losses and keep the supporting information together.

Wash Sale Considerations
Use the worksheet to flag transactions that may require additional review because of potential wash-sale considerations.

Multiple Investment Accounts
Keep information from different brokerage or investment accounts organized in one place.

Real Estate Investment Information
Use the applicable sections to organize basic information relating to investment-property transactions.

Recordkeeping Checklist
Identify important investment statements, purchase records, sales records, tax forms, and other documentation you may want to retain.

Your Investment Tax Planning Worksheet

This worksheet gives you practical sections to help organize:

• Investment account information

• Investment purchase dates

• Purchase prices

• Cost-basis information

• Investment sales

• Sale dates

• Sale proceeds

• Capital gains

• Capital losses

• Holding periods

• Dividends

• Interest income

• Reinvested distributions

• 1099 forms

• Investment statements

• Supporting records

• Multiple investment accounts

• Potential wash-sale transactions

• Questions for your tax professional

Don't Guess Your Way Through Your Investment Records

Investment information can become complicated quickly.

You may have investments in more than one account. You may have bought the same investment at different times. You may have reinvested dividends. You may have sold some investments and kept others.

Then tax season arrives.

Instead of trying to piece everything together at the last minute, use this worksheet to start organizing the information as you go.

The more organized your records are, the easier it can be to understand what you have and explain it to a tax professional when necessary.

Use This Alongside the Handbook

The Capital Gains & Investment Taxes Explained handbook gives you the knowledge.

This worksheet helps you put that knowledge into practice.

Use them together to build a better understanding of your investment activity and the tax information connected to it.

You can return to the worksheet throughout the year as you buy investments, sell investments, receive dividends, receive tax documents, or make other investment-related transactions.

Prepare Before Tax Season

Don't wait until you're sitting in front of your tax return trying to remember what happened months ago.

Start organizing your information throughout the year.

Keep your statements.

Record important transactions.

Save your tax documents.

Track your investment activity.

And when something doesn't make sense, write down the question rather than guessing.

Build Your Adult IQ

You don't have to know everything about investing or taxes.

But you should have a system for keeping track of your own financial information.

Know what you own. Track what you do. Keep your records. Ask better questions.

Get the Capital Gains & Investment Taxes Explained Practical Worksheet and turn your investment information into something you can actually organize and understand.

Disclaimer

This worksheet is for general educational purposes only and is not tax, investment, legal, or financial advice. It is an organizational tool only; verify tax treatment and reporting requirements with the IRS or a qualified tax professional before filing or making tax decisions.