Keeping accurate records of your share portfolio is important for two reasons.
The first is that you have an accurate record of what shares you bought, when you bought them and the cost base of these shares. You need to know this so that you can calculate if you have made a profit or loss when selling the shares. The Source mentioned here is who you buy them from e.g. Commsec or a broker. Name of share // Date purchased // No shares // Price ea // Source // Brokerage cost // Total cost // Unit cost // Total shares The second reason for accurate record keeping is that you need to know what income you have derived from the shares when you are completing your annual tax return. Filling in columns below the following headings will give you sufficient information to complete your yearly tax return. Share // Date // No shares // Rate // Franked // Unfranked // Frank cred // Div Amt //
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