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What Is Used by the Online Version of TurboTax™, Which

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What is used by the online version of TurboTax™, which asks a series of questions to lead clients through the process of filing a tax return?


Definitions:

Initial Margin

The portion of the purchase price that an investor must deposit as collateral when buying on margin, to cover credit risk.

Rate of Return

The financial gain or loss encountered on an investment throughout a set period, calculated as a percentage of the investment’s initial outlay.

Bid-Asked Spread

The difference between the highest price a buyer is willing to pay (bid) and the lowest price a seller is willing to accept (ask) for an asset.

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