Re: Tax Cost (Basis)

[ Q4-Q1 00 Archive ] [ Current Message Board ] [ Archives ] [ Search ]

In Reply to: Re: Tax Cost (Basis) posted by Wyatt Taylor on October 04, 1999 at 05:22:08:

: : : 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

Hi Wyatt,
Thanks for the referals, it is good to hear you find the program helpful.

Thanks,
Mark

Replies: