Smonik TAX

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Smonik-TAX enables fund companies and administrators to leverage Smonik’s tax lot accounting module for transaction processing and excise tax reporting. With Smonik TAX, institutions spend less time on tax reporting compliance, reduce risk by using an automated process, and have a better opportunity to control the tax posture of their funds. Smonik’s TAX is comprised of Wash Sale calculations and Dividend reporting. Smonik-TAX offers the fund industry one of the most advanced automated tax reporting solutions by helping funds avoid wash sales, manage capital gains distributions and increase after-tax performance. In addition, Hedge-Tax helps funds reduce the amount of time spent on tax reporting compliance, minimize the risk of tax reporting errors and provide what-if tax analysis and intra-year estimates to maximize investment performance. Hedge-Tax comprises of Wash sale and Dividend reporting.

  • Washsale Calculations
  • Qualified Dividend Income
  • Constructive Sales
  • Straddles
  • Comprehensive handling of Identical Securities

Product/Service details

User Suitability (Capital Markets & Investment)
Asset Managers, Asset Managers
Geographic Availability
Europe, Europe, North America, North America