Re: Tax Cost (Basis)
[ Q4-Q1 00 Archive ]
[ Current Message Board ]
[ Archives ]
[ Search ]
Posted by Mark on October 03, 1999 at 10:50:45:
In Reply to: Tax Cost (Basis) posted by Wyatt Taylor on October 03, 1999 at 08:18:36:
: Hi Mark,
: I seem to be missing something! I can't seem to find either a report or a graph which would show me the cost for tax purposes taking into consideration reinvested distributions and/or returns of capital distributions. I do get the numbers right but only if I enter a "sell" transaction and then view the 2 capital gain reports. Then I have to delete the sell transaction. Is there an easier way that would show me the "tax cost basis"? Then I could quickly figure the potential capital gain consequences if I were to sell. : Thanks in advance! : Wyatt Hi Wyatt,
You can determine your unrealized gains for tax purposes from the
custom report. See the following fields:
Tax basis FIFO (end): The tax cost basis for the shares owned on the ending report date. (The amount initially spent to obtain the shares owned on the ending report date, including purchase commission/load.) The cost basis is calculated using the first in first out accounting method. This amount may be different than OOP invested (end) because of distributions.
Tax unrlz gain FIFO (end): The unrealized taxable gains for the shares owned on the ending report date (End value - Tax basis FIFO (end)) Tax basis AVG (end): The tax cost basis for the shares owned on the ending report date. The cost basis is calculated using the average cost accounting method. Tax unrlz gain AVG (end): The unrealized taxable gains for the shares owned on the ending report date (End value - Tax basis AVG (end)) Thanks,
Mark
--
Mark Beiley
Fund Manager for Windows 3.1x/95/98/NT
Replies:
|