Reporting

This page will provide you with helpful information about the account reporting options you have at Schwab. Click on a link below to view a specific article.

Introduction to cost basis reporting
Cost basis, also called tax basis, is usually the purchase price of a security plus sales commissions, transaction fees, and other expenses, and it is adjusted for corporate actions such as stock splits, dividends, mergers, acquisitions, and spin-offs. Cost basis information is used to determine capital gains and losses on an investment for tax purposes.

Introduction to tax reporting
To meet state and federal requirements, Schwab sends you and your clients various tax documents throughout the year. This article describes these documents, how to access them, and key dates.

Introduction to Personal Trust Reporting Services
Personal Trust Reporting Services (PTRS) provides trust accounting and back-office support, including principal and income trust reporting and recordkeeping

How to enroll in and make adjustments to Personal Trust Reporting Services
For advisors with clients acting as individual trustees, Personal Trust Reporting Services (PTRS) provides trust accounting and back-office support, including principal and income trust reporting and recordkeeping, so you can focus on building client relationships and eliminating manual processes.

How to customize Schwab reporting
Schwab provides a wide variety of support for your cost basis, brokerage statement, and trade confirmation reporting needs. You can customize your reporting to better serve you and your clients by bundling and reducing paperwork, providing consistent firm branding, and more. Schwab automatically enrolls your client’s accounts in cost basis; however, you can choose your cost basis account-level preferences.