Return of capital

Posted by Jim T. on October 6, 2009, 12:24 pm

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I have a few investments (GNMAs, etc.) which periodically return
partial amounts of the capital. It's not income, and it would seem
that this should reduce the cost basis. Is there a way to make this
happen? Should this be recorded as a partial sale or something?

Posted by JimH on October 6, 2009, 1:36 pm

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Jim T. wrote:

> I have a few investments (GNMAs, etc.) which periodically return

> partial amounts of the capital. It's not income, and it would seem

> that this should reduce the cost basis. Is there a way to make this

> happen? Should this be recorded as a partial sale or something?

There is a "Return of Capital" transaction in the pull down for
transaction types in the pop-up window for the investment account. Does
that not do what you want?
==
Jim

Posted by Jim T. on October 6, 2009, 7:29 pm

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>Jim T. wrote:

>> I have a few investments (GNMAs, etc.) which periodically return

>> partial amounts of the capital. It's not income, and it would seem

>> that this should reduce the cost basis. Is there a way to make this

>> happen? Should this be recorded as a partial sale or something?

>There is a "Return of Capital" transaction in the pull down for

>transaction types in the pop-up window for the investment account. Does

>that not do what you want?

>==

>Jim

I did the math. Looks like it works after all, even the downloaded
transactions. Thanks, just didn't look right, but it is.
Jim