Understanding Brokerage Documents: A Comprehensive Guide.
Join us for an in-depth educational video that demystifies the Brokerage Documents Module!
Whether you're a new or experienced investor, this video will walk you through everything you need to know about managing your brokerage documents. Learn how to access essential documents such as trade confirmations, monthly statements, and tax documents. We provide clear explanations and practical tips to help you stay on top of your investment records.
Don't miss this valuable resource to enhance your financial literacy and streamline your document management!
Want some step by step instructions?
Trade Confirmations
Step 1: Navigate to the Trade Confirmations tab within the Documents Module. Here, you’ll find daily confirmations for every trade made through your Bits of Stock brokerage account.
Step 2: To view a specific day’s confirmation, click the Download icon next to the desired document. Your browser will download a PDF containing details of all trades executed that day. Each Trade Confirmation includes:
The trade date and settlement date
Whether it was a buy or sell order
The quantity and price per share
Any applicable fees or tax details
Note: Trade Confirmations serve as your official proof of executed trades and are generated automatically each business day when activity occurs.
Monthly Statements
Step 3: Next, go to the Monthly Statements tab.This section stores automatically generated monthly summaries for your brokerage account.
Step 4: Click the Download button next to the month you wish to review. Once opened, your statement provides a comprehensive overview of your account activity, including:
End-of-month positions and holdings
Total cash balance and securities summary
Trade and non-trade activities (such as stock reward redemptions)
Starting and ending balances for the month
Note: Monthly Statements are produced automatically for every account that has activity during the reporting period.
Tax Documents
Step 5: Finally, select the Tax Documents tab. During tax season, this section provides access to your official tax forms including Form 1099-B and Form 1099-MISC, if applicable, along with explanatory notes to help you understand your filings.
Simply click the Download icon to retrieve your tax documents. If you need assistance accessing or replacing a file, contact customer support for help.
Now, it's time to reap the benefits of the stock reward program!