fmsc

[ Message Board ] [ Archives ] [ Search ]

Posted by Chris on June 08, 2007 at 17:42:23:

In Reply to: Re: incorrect tax basis on a cash asset posted by Mark on June 08, 2007 at 17:34:16:

1) all transactions recorded @ $1
2) There are "account fee" transactions but they are posted at $1 as a negative reinvestment - no return of capital
3) no commission fees. Investment properties is coded as "no fees".

Anything else I'm missing?

thank you.

: : on an asset type categorized as cash, what would cause the end shares balance to be different than the tax basis amount? I ran a custom report with these 2 fields and 3 of the 4 were correctly identical but the 4th had a $9.51 difference. Thank you.

: Hi Chris,

: Here are some places to look:

: 1) Are all of your transactions recorded at $1/share?

: 2) Do you have any "Account Fee" or "Return of Capital" distributions? These will affect your tax cost basis.

: 3) Did you pay any commission fees on any of your purchases? These would cause your tax cost basis to be higher than your share balance.

: Thanks,
: Mark
: --
: Fund Manager - Portfolio Management Software

Replies:

• incorrect tax basis on a cash asset Chris 18:06:27 06/08/07 (3)
  • Re: incorrect tax basis on a cash asset Mark 23:26:49 06/08/07 (2)
    • Re: incorrect tax basis on a cash asset Chris 10:27:28 06/11/07 (1)
      • Re: incorrect tax basis on a cash asset Mark 13:20:40 06/11/07 (0)