Re: Computing Capital Gains from a rollover?

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In Reply to: Computing Capital Gains from a rollover? posted by Jerry Post on January 08, 2005 at 23:29:18:

: I have rolled over an IRA mutual fund from Brand X to Brand Y. I have taken a normal distribution from Brand Y. How do I take into consideration that Brand X was several years old and hence any gain from a sale would be long term BUT it appears as short term gain if only viewed as a sale in Brand Y?

Hi Jerry,

You can probably handle this in a variety of ways, but I'd suggest using
a split transaction, and then updating the investment name/symbol. You can
use a split transaction to adjust the number of shares you own. That way,
you'll retain the complete transaction history. You could record a memo
with that split, so you can remember what caused it.

Thanks,
Mark
--
Mark Beiley
Fund Manager, portfolio management software for Windows 95/98/ME/NT/00/XP/2003

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