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Subject Author Date
Capital gains from sale of mutual fund AFJ 02-22-2007
Posted by AFJ on February 22, 2007, 12:37 am
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 Question. I have Q06. We sold some shares (twice) of my son's
college fund (UTMA) to pay for school.

Assuming we chose the first in-first out accounting method, how do we
determine the capital gains from the sale?
Question. I have Q06. We sold some shares (twice) of my son's
college fund (UTMA) to pay for school.

Assuming we chose the first in-first out accounting method, how do we
determine the capital gains from the sale?

Posted by Andrew on February 22, 2007, 8:07 am
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 AFJ wrote:
> Question. I have Q06. We sold some shares (twice) of my son's
> college fund (UTMA) to pay for school.
>
> Assuming we chose the first in-first out accounting method, how do we
> determine the capital gains from the sale?

Assuming you've done all your entries in Q correctly, run
REPORTS-->TAX-->CAPITAL GAINS and ensure the report looks right after you
customize it to isolate the date range and securities in question. Does
this help?

--
-------------------------------------------------------------
Regards -

- Andrew



Posted by Nope on February 26, 2007, 2:17 am
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>AFJ wrote:
>> Question. I have Q06. We sold some shares (twice) of my son's
>> college fund (UTMA) to pay for school.
>>
>> Assuming we chose the first in-first out accounting method, how do we
>> determine the capital gains from the sale?
>

>AFJ wrote:
>> Question. I have Q06. We sold some shares (twice) of my son's
>> college fund (UTMA) to pay for school.
>>
>> Assuming we chose the first in-first out accounting method, how do we
>> determine the capital gains from the sale?
>
>Assuming you've done all your entries in Q correctly, run
>REPORTS-->TAX-->CAPITAL GAINS and ensure the report looks right after you
>customize it to isolate the date range and securities in question. Does
>this help?

Yup..thanks!

Posted by Han on February 22, 2007, 8:37 pm
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4ax.com:

> Question. I have Q06. We sold some shares (twice) of my son's
> college fund (UTMA) to pay for school.
>
> Assuming we chose the first in-first out accounting method, how do we
> determine the capital gains from the sale?

Please tell me how you can sell shares twice. I would like to try that,
especially when I bought them only once.







sorry.

--
Best regards
Han
email address is invalid

Posted by Nope on February 26, 2007, 2:17 am
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>4ax.com:
>
>> Question. I have Q06. We sold some shares (twice) of my son's
>> college fund (UTMA) to pay for school.
>>
>> Assuming we chose the first in-first out accounting method, how do we
>> determine the capital gains from the sale?
>
>Please tell me how you can sell shares twice. I would like to try that,
>especially when I bought them only once.
>
>
>
>
>
>
>
>sorry.


Cute...:)

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