Capital Gain Report

This report can be created by selecting the Reports / Capital Gains... command from within any window.

This report is designed to aid in filing a capital gains (schedule D) tax form. In the Report Settings Dialog you can choose from the following accounting methods to use for this report:

Assigned Investment Property	Each investment uses the accounting method assigned to it under Investment Properties / Other. This choice allows varying accounting methods to be used within the same report.
First In First Out	All data is displayed using the first in first out accounting method. This applies to all investments, no matter what their assigned accounting method is under Investment Properties / Other.
Average Cost	All data is displayed using the average cost accounting method. This applies to all investments, no matter what their assigned accounting method is under Investment Properties / Other.
Specified Lots	All data is displayed using the specific lot accounting method. This applies to all investments, no matter what their assigned accounting method is under Investment Properties / Other.

The following columns are displayed for this report type:

Shares	The number of shares redeemed.
Bought	The date range over which redeemed shares were acquired. (For the average cost accounting method this will be from the date of the first purchase to the date of the purchase immediately prior to the date of the specific sell transaction.)
Sold	The date of the sell transaction.
Term	Long, Medium, or Short term gains, as defined under the Report Preferences - Capital Gains Dialog
Sell Value	The amount received for shares redeemed minus sell commission/load.
Cost Basis	The amount initially spent to obtain redeemed shares, including purchase commission/load.
Gain/Loss	The capital gain incurred for this sell transaction. (Gain = Sell Value - Cost Basis)

The sorting order of long, medium, and short term gains and whether or not to apply wash sale rules can be controlled under the Report Preferences - Capital Gains Dialog. Along the bottom of the report, sub-totals for short, medium, and long term gains, as well as the overall totals, are displayed. Sum totals for the Sell Value, Cost Basis, and Gain/Loss are shown.

Tip: At tax time you can export your capital gain data to a TXF file for easy importing into tax preparation software.

See Also