Re: Q: Handling Basis Adjustments Resulting from Wash Sales
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Posted by Sam C. on January 10, 2000 at 12:44:29:
In Reply to: Re: Q: Handling Basis Adjustments Resulting from Wash Sales posted by Mark on January 09, 2000 at 21:36:55:
: Hi Sam,
: Thanks for the link, that was a good tuturial on wash sales. There isn't
: a mechanism built into Fund Manager to deal with this. About the best solution
: I can think of is to just enter the purchase price at the higher price,
: which would raise the cost basis. You could maybe add a note in the memo
: section. This of course will make your ROI look bad for this investment,
: but will allow you to track the capital gains correctly, factoring in
: the adjustment for the wash sale. This is something we may add into a future
: version. : Thanks,
: Mark Mark,
I decided to call the amount of the disallowed loss a commisssion (even
though the security in question is a no-load fund). This raised the basis
of the shares the appropriate amount. Sam C.
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