Re: Capital Gain

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Posted by Mark on July 16, 2006 at 14:01:37:

In Reply to: Capital Gain posted by Gary Trimmier on July 16, 2006 at 13:52:59:

: Mark,
: I have been given stock over the years. How do I record this activity. The stock was free, so any value increase is all gain, however if I sell it the capital gain is based on the price when I received it. The capital gain does not show up in any of the capital gain reports. Am I doing something wrong?
: Thanks,
: Gary T.

Hi Gary,

If you receive stock as a gift, you should record the buy transaction at a price of $0. Purchases and redemptions can be made at any price, it doesn't have to be the same as the closing price on the date you received it.

Thanks,
Mark
--
Fund Manager - Portfolio Management Software

Replies:

• Re: Capital Gain Gary Trimmier 09:22:39 07/17/06 (3)
  • Re: Capital Gain Mark 10:29:53 07/17/06 (2)
    • Re: Capital Gain Gary Trimmier 13:23:13 07/17/06 (1)
      • Re: Capital Gain Mark 13:52:01 07/17/06 (0)