Re: Tax Cost (Basis)
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Posted by Wyatt Taylor on October 04, 1999 at 05:22:08:
In Reply to: Re: Tax Cost (Basis) posted by Mark on October 03, 1999 at 10:50:45:
: : 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
:
: Mark, Thanks for opening my eyes to the Custom Reports! All I can say is WOW!
If you can't find what you need there, I don't think it exists or at least
isn't worth having. Again, I'll say thank you for a really fantastic program.
I've recommended it to any number of friends and associates. Keep up the good work and I look forward to the upcoming version upgrade. Wyatt
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