wrong tax basisMike T. on December 16, 2002 at 17:35:37:
Of course when I completed and checked the hand calculation of my att tax basis - it was wrong from FM file (shares correct). I'm sure I made a mistake or two in the FM spin off entries along the way over the years.
I think one mistake was with the file |scale prices entry. Wrong date range or factor (many adjustments over the years) for the basis to be wrong, but to keep the # shares correct.
I want to fix the FM basis now that I calculated the correct basis by hand. The problem is that I don't know how to fix it without screwing it up even more.
I don't think I can audit and correct previous scaling entries like I can fix splits and so forth.
The FM tax basis is way too low. I found that I can artificially inflate the original purchase price back in 94, to increse the basis, but I think that is the wrong approach.
What do you suggest I do to correct the basis and maintain the correct number of shares?
|Copyright ©1993-2013 Beiley Software, Inc. All rights reserved.|