Below is a list of tax related corporate action symbols and what they stand for in GainsKeeper.
(T) - This stands for a corporate action that is Taxable for Gain and Loss. This means that you are taxed on the full value of cash and securities you received, regardless of whether you have a gain or a loss from the transaction.
(NT) - This stands for a corporate action that is Non-Taxable. This means that you are not taxed on the value of the securities you received. Your cost basis in the new security will equal the total cost basis of your old security. you will only be taxed upon the sale of your new security.
(GNL) - This stands for a corporate action that is Taxable for Gain but Not Loss. This means that you are taxed on any gain due to the corporate action. Additionally, the IRS will not allow you to recognize a loss due to the corporate action.
(GLC) - This stands for a corporate action that is Taxable for Gain to the extent of Cash Received, but Not Loss. This means you are taxed on any gain due to the corporate action, but your gain can only be as large as the cash received from the corporate action. In this case, the IRS will not allow you to recognize a loss due to the corporate action.
