OPP basis per share without dividends

[Ivan]

Hi Mark,

I have the personal edition. Is there a way to get the current OOP basis per share NOT including the contribution of dividends? I use this figure to help determine stops.

Thanks,
Ivan

[Mark]

Hi Ivan,

If you don't want to include any distributions in the basis, use the tax basis fields. If you want to include all distribution types except dividends, there is no built-in field for this. In the higher level versions (Professional/Advisor) you could write an equation to calculate the OOP basis, and add back in the dividend distributions. Otherwise you could just include both on a report in the Personal version.

[Ivan]

Thanks Mark. The tax basis per share is exactly what I needed.

Ivan

[Ivan]

Hi again Mark,

Tax basis per share Assigned has appeared to work properly up to now, ignoring dividends in the calculation. But I just ran into one investment where the latest dividend does change that cost basis value. I can't see where that investment or dividend is different. Any suggestions?

Thanks,
Ivan

[Mark]

Hi Ivan,

Is it really a "dividend" type of distribution? Was it reinvested? If a dividend is reinvested, that will affect your cost basis. If it wasn't reinvested, a dividend should not affect your tax cost basis. If you record it as an "account fee" or "return of capital" type of distribution, those can affect your cost basis.