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Posted by R. C. White on November 22, 2006, 10:24 pm
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Hi, P.
> I usually just fudge something to track the ongoing relative performance.
My first message was all about the tax calculation, not about evaluating
performance of your investments. There are many ways to gauge performance
and how you do it it is up to you. But there are specific rules about
calculating your "basis for computing gain or loss" for federal income tax
purposes. Please don't "just fudge something" on your tax returns! And if
you did that in the past, please get some professional advice about filing
amended tax returns.
RC
--
R. C. White, CPA
San Marcos, TX
(Retired. No longer licensed to practice public accounting.)
rc@grandecom.net
Microsoft Windows MVP
(Currently running Vista x64)
> tnx for the detailed info.
> I'm running Quicken 2004 -
>
> I found and grabbed 2 of the 3 tax basis info letters.
> The 3rd said they would post something by the end of the year.
>
> Since I'm only usually seeing a few dozen new spinoff shares,
> I usually just fudge something to track the ongoing relative performance.
> But this time - I thought I would actually go thru the math.
> Then I have to update the numbers in three multiple locations:
> Quicken -
> Brokerage house website data -
> Brokerage house software app for PC -
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