Re: Return of investment

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In Reply to: Return of investment posted by Robert Hobbs on March 17, 2004 at 00:32:55:

: I purchased 1,500 units of a Unit Trust at $10 per unit. About three month later they returned $2,600 of my investment as a non taxable return of capital. I still have 1,500 units but they now have a lower cost basis. How can I track the cost basis of this type of investment?

Hi Robert,

You'd want to record a distribution of $2600. For the "Type" of distribution,
choose "Return of Capital". This will take care of properly adjusting your
tax cost basis.

Thanks,
Mark
--
Mark Beiley

Fund Manager, portfolio management software for Windows 95/98/ME/NT/00/XP

Replies:

• Re: Return of investment Robert Hobbs 11:31:31 03/17/04 (0)