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Re: wash sales

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Posted by Mark on January 20, 2001 at 22:42:46:

In Reply to: wash sales posted by Bill on January 20, 2001 at 13:41:39:

: I'm a big, big FM fan and have been using it for several years. Notwithstanding my praise for FM, I would realy like to see some sort of way to better handle wash sales. Using commission fee or account fees is at best a poor way to attempt to deal with the required adjustments. These sort of entry tricks fall short of maintaining the appropriate entries in the "Capital Gains" reports that
: are used as, or to complete, the Schedule D. Even if future versions of FM do not include some sort of wash sale identifier/calculator, I would like to at least see a way for users to self identify/calculate their wash sales, but at least have a specific way (menu selection) in FM to properly accept the user wash sale data, while including the wash sale identity and adjustment on the "Capital Gains" report.

:

Hi Bill,
Thanks for the feedback, you are of course right. Adding support for
handling wash sales would be a valuable addition. This is high on our
priority list.

Thanks,
Mark
--
Mark Beiley

Fund Manager for Windows 3.1x/95/98/NT




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