Re: Unit Investment Trusts

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In Reply to: Re: Unit Investment Trusts posted by Mark on June 26, 1999 at 10:14:48:

: In this case you would sell the 10000 shares at 1.10, and buy the new
: 11000 shares at 1.00. You may want to make this into a new investment
: if they have a different name/symbol.

: I'm not certain I understand the special logic that would be required...

Let's say we decided to track these as two separate investments. Fund Manager
would think I had a cap gain of $1000 from the sale of the old UIT, which is
not correct. When I enter the new UIT in Fund Manager, it will think the basis
for the new UIT is $11,000, which is also not true.

I am beginning to think that I will have to deal with this type of investment
outside of Fund Manager. My primary reason for using Fund Manager is to help
with cap gains when taxable events occur. Fund Manager can't help me here
because it's not privy to the information that will appear on the year-end
statement I will be receiving from the trust. At best, Fund Manager can
give me some place to transcribe the info from the year-end statement, which
would then be used to override certain calculations. Why bother ... I'll just
hang on to that piece of paper. :-(

Thanks,

Dennis

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