Year-end REIT L.T.C.G & Dividends re-classifications

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Posted by Frank B on June 11, 2006 at 09:24:24:

Hi Mark--

First, I thank you for putting together such a great product at a reasonable price. I purchased Fund Manager at the close of 2005 after using one of your competitor's products for more than 4 years. You are light years ahead of the pack. Please keep up the great work and customer support.

My question is probably more of a "personal preference" as oppossed to a problem with FM. As we know, most REITS reclassify usually in February of the following year, the dividends and long term capital gains that were paid during an immediately prior calendar year. (2005 divs/ltcg reclassified in Feb 2006) Form 1099 DIVs are issued at that time.

The total dollar amounts from all ltcg and dividends that were entered in the holding's portfolio, quarterly throughout the year will (hopefully) equal the amounts on the 1099, although in different "catgories".

Is it practical, will it affect any yields, or costs, is it worth all the trouble if the adjustments to the portfolio holding were made 'after the fact' to equal the 1099 figures?

Does this all make any sense?

Thank you again.

Frank

Replies:

• Re: Year-end REIT L.T.C.G & Dividends re-classifications Mark 12:13:37 06/11/06 (0)