FundTax® QDI DRD
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FundTax® - Qualified Dividend Income & Dividends Received Deduction Reporting

  • Simplify with FundTax

    GainsKeeper FundTax® is a powerful automated tax reporting solution already relied upon by more than 4,500 U.S. mutual and hedge funds. This solution includes a suite of dividend functionality for reporting qualified dividend income, dividend received deduction and dividend tax expenses.

    Qualified Dividend Income (QDI) Reporting

    FundTax streamlines the calculation of the 61-day QDI holding period required to qualify dividends for favorable tax treatment. It also displays foreign and domestic qualifications and takes into account hedged positions as well as the resulting holding period reduction.

    Dividends Received Deduction (DRD) Reporting

    FundTax automates the calculation of the 46-day DRD holding period requirement, taking into account  hedged positions and resulting holding period reductions.

    Dividend Tax Expense Reporting

    Simplify reporting of capitalized dividends and associated basis adjustments. FundTax automates compilation of the necessary data for accurate dividend tax expense reporting.

    FundTax Benefits

    • Eliminate potential reconciliation errors that can occur when using separate spreadsheets and systems
    • Process up to 10,000 transactions a second and avoid critical production delays
    • Reduce the amount of time spent on tax reporting compliance
    • Facilitate tax provision completion as well as 1120-RIC preparation
    • Address multiple tax rules with integrated straddle, short sale, wash sale, PFIC and REIT algorithms