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Subject Author Date
help regarding security Cost basis usafjayhawk 11-14-2007
Posted by usafjayhawk on November 14, 2007, 7:25 pm
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 Can't quite figure out how Q2006 calulates the cost basis for a
security when sales are involved. I added up all the buys and sells
and my number is almost double what quicken calculated.

When it subtracts sales, does it use the purchase price per share? In
other words, if I paid 5/sh and sold it at 10/sh, does it subtract 5
or ten for each share sold?




Posted by Fred Smith on November 14, 2007, 8:15 pm
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 Sale price has nothing to do with cost. Quicken will subtract the average cost
per share (in your case, $5) times the number of shares sold.

--
Regards,
Fred


> Can't quite figure out how Q2006 calulates the cost basis for a
> security when sales are involved. I added up all the buys and sells
> and my number is almost double what quicken calculated.
>
> When it subtracts sales, does it use the purchase price per share? In
> other words, if I paid 5/sh and sold it at 10/sh, does it subtract 5
> or ten for each share sold?
>
>
>



Posted by usafjayhawk on November 14, 2007, 10:43 pm
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wrote:

>Sale price has nothing to do with cost. Quicken will subtract the average cost
>per share (in your case, $5) times the number of shares sold.

Thanks

Posted by MrTom on November 15, 2007, 12:07 am
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Fred Smith wrote:
> Sale price has nothing to do with cost. Quicken will subtract the average cost
> per share (in your case, $5) times the number of shares sold.
>

Perhaps, optionally with mutual funds. But cost averaging is not
allowed for stocks. The purchase price of the shares sold gets subtracted.

Tom

Posted by Oilcan on November 15, 2007, 11:14 am
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If he is selling all his shares, he is selling all his individual purchases
(lots) and will have a profit or loss on each lot. This for tax purposes
will get broken out into short-term or long-term gains or losses.

Oilcan

> Fred Smith wrote:
>> Sale price has nothing to do with cost. Quicken will subtract the average
>> cost per share (in your case, $5) times the number of shares sold.
>>
>
> Perhaps, optionally with mutual funds. But cost averaging is not allowed
> for stocks. The purchase price of the shares sold gets subtracted.
>
> Tom


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