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Remove return of capital from distributed distributions

Comments, critical feedback, praise, or suggestions for new features.

Postby Bobo » Fri Feb 03, 2017 11:18 pm

It would be great if I had report field where Return of Capital is excluded from the "Distributed Distributions current" field. Since Return of Capital is not a monetary gain it messes up what I'm looking for, namely how much money I'm making on the distributions I receive. Return of Capital is already reflected in the Tax basis FIFO field which I also use, so I get to see the affects of Return of Capital (ie. lowering my cost basis). It really messes things up when a company splits into two separate companies. In this case I report a Return of Capital for the amount of the spin off in the old company, then I use that amount to record a purchase of shares in the new company. Now the Dist dist-C field shows a huge increase, which doesn't tell me how much money I'm making.

Thanks,
Gary
Bobo
 
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Joined: Fri Jul 22, 2016 9:49 am

Postby Mark » Sun Feb 05, 2017 9:11 am

Hi Gary,

Okay, thanks for the feedback.

If you are using the Pro or Advisor version you can write your own equation to exclude Return of Capital. There isn't a "current" version, but there is a "between" version of Return of Capital. The equation would be:

Distdist_btw-RtrnCapdist_btw
Thanks,
Mark
Fund Manager - Portfolio Management Software
Mark
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Postby Bobo » Tue Feb 07, 2017 12:02 am

I'm using the personal version 2014.13.8.

I don't suppose my request could be added to the next major personal release?
Bobo
 
Posts: 14
Joined: Fri Jul 22, 2016 9:49 am

Postby Mark » Tue Feb 07, 2017 7:46 am

Hi Bobo,

Thanks for the feedback, we can consider adding another built-in custom field for this.
Thanks,
Mark
Fund Manager - Portfolio Management Software
Mark
Site Admin
 
Posts: 11253
Joined: Thu Oct 25, 2007 2:24 pm
Location: Chandler, AZ


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