The first is lot selection method. Currently Wealthfolio appears to use FIFO when calculating cost basis and performance. Some brokerages default to HIFO or other methods, and users should be able to configure this per account. A taxable brokerage account using HIFO means gain/loss numbers in Wealthfolio will drift from actual brokerage statements over time as sells hit different lots. Even for tax-advantaged accounts like IRAs where there's no tax consequence, the performance and cost basis numbers should match what the brokerage shows for accurate cross-referencing. Ideally this would be a per-account setting supporting FIFO, HIFO, LIFO, and specific identification.
The second is mutual fund distribution types. Currently all distributions appear to be treated as dividends, but mutual funds commonly distribute capital gains (both short-term and long-term). Return of capital reduces cost basis rather than representing income, and capital gains distributions are taxed at different rates than ordinary dividends. Supporting these as distinct activity subtypes would make reporting much clearer. Additionally, having the option to record a capital gains distribution as reinvested similar to DRIP would complete the picture for users holding mutual funds in 401k and other retirement accounts.
The first is lot selection method. Currently Wealthfolio appears to use FIFO when calculating cost basis and performance. Some brokerages default to HIFO or other methods, and users should be able to configure this per account. A taxable brokerage account using HIFO means gain/loss numbers in Wealthfolio will drift from actual brokerage statements over time as sells hit different lots. Even for tax-advantaged accounts like IRAs where there's no tax consequence, the performance and cost basis numbers should match what the brokerage shows for accurate cross-referencing. Ideally this would be a per-account setting supporting FIFO, HIFO, LIFO, and specific identification.
The second is mutual fund distribution types. Currently all distributions appear to be treated as dividends, but mutual funds commonly distribute capital gains (both short-term and long-term). Return of capital reduces cost basis rather than representing income, and capital gains distributions are taxed at different rates than ordinary dividends. Supporting these as distinct activity subtypes would make reporting much clearer. Additionally, having the option to record a capital gains distribution as reinvested similar to DRIP would complete the picture for users holding mutual funds in 401k and other retirement accounts.