Re: Capital Gains calculation

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In Reply to: Re: Capital Gains calculation posted by Mark on February 19, 2005 at 11:24:09:

: : I had one transaction in a mutual fund last year that should create a small capital gain. My Redemption record shows a sale of 292.056 shares @ 6.163 for $1800.00. The Capital Gains-AVG Report shows a sale on that date of 264.306 shares and a Sell Value of $1628.97. It gives me capital loss of $1367.69 when there should be a capital gain of $71.31. Why is there a difference in the number of shares in the Capital Gains Report compared to the Redemption record?

:
: Hi John,

: Could it be that this sell is showing up twice, once as a short term and once as
: a long term? The 2 items (short/long) should add up to the number of shares
: sold in the sell transaction.

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

Mark
Thanks for your reply. That is correct. The short and medium term shares add up OK but it still reports a large capital loss when my adjusted cost base at the time of the transaction was less than the Sell Value. Perhaps I'm missing something in these calculations.

Replies:

• Re: Capital Gains calculation Mark 12:06:47 02/19/05 (2)
  • Re: Capital Gains calculation John Casey 13:20:44 02/19/05 (1)
    • Re: Capital Gains calculation Mark 14:15:39 02/19/05 (0)