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return of capital

General questions about using Fund Manager that do not fit into any other forum.

Postby lee_ad » Tue Jan 21, 2020 4:07 pm

Hi there!

I am new to Fund Manager and I have been entering the transactions into the program. I noticed that the Return of Capital is not reducing my cost basis for my mutual funds. I am entering the RoC using the Data Register/Distribution/changing the Distribution Type to Return of Capital. Am I doing this correctly or am I missing something?

I thought the RoC is suppose to reduce the cost basis for mutual funds and other equities too.

Thanks for all the help!
Andrew
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Postby Mark » Tue Jan 21, 2020 4:12 pm

Hi Andrew,

Yes, Return of Capital distributions will reduce your tax cost basis. Where are you viewing the tax cost basis?
Thanks,
Mark
Fund Manager - Portfolio Management Software
Mark
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Location: Chandler, AZ

Postby lee_ad » Wed Feb 05, 2020 10:33 am

Hi Mark,

I was looking on the main page under the column "Values", but then realized that is the market price of the fund/equity.

Where can I see that RoC has reduced my cost basis?

Thanks!
Andrew
lee_ad
 
Posts: 2
Joined: Tue Jan 21, 2020 3:52 pm

Postby Mark » Wed Feb 05, 2020 12:06 pm

Hi Andrew,

There are several ways:

1) Create a Custom report with the field "Tax basis, Assigned Method".

or

2) In the Portfolio Editor use "View / List Columns..." and add the field "Basis".

or

3) Create an Open Lots report and under the Preferences... make sure the field "Tax Basis" is being displayed.
Thanks,
Mark
Fund Manager - Portfolio Management Software
Mark
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Posts: 11253
Joined: Thu Oct 25, 2007 2:24 pm
Location: Chandler, AZ


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