In microsoft.public.money, kepenner wrote:

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Presumably those accounts have something to do with each other: you
own them. I think it is based on an interpretation Canadian tax law
as of 2004.

Do you disagree with that interpretation, or are you trying to apply
logic to tax law?

Ah yes...that would be a simple explanation. Unfortunately that's not it,
because none of the dividends it paid in any other accounts were ever
re-invested. (That DOES happen in my mutual funds, but not here). I guess it
could be trying to cost average...but across accounts which basically have
nothing to do with each other? Makes no sense.
--
Ken


"Cal Learner-- MVP" wrote:

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In microsoft.public.money, kepenner wrote:

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Special case. From what I understand, Microsoft Money for Canada, in
attempting to follow Canadian rules, uses an *average* of the costs
of that security across all accounts in the file.

So what I suspect is that your dividends involved reinvesting the
dividends. Thus the average to get the acquisition price would
include the money spent on those reinvestment buys. Would that
explain what you see?

- quote -

I have used Microsoft Money for years so am not a novice user. Lately I've
done some day trading and noticed to my annoyance that when I run the
Reports/Taxes/Capital Gains from the Microsoft Money menu, it gives me
incorrect values under the 'Purchase Cost' column. Sale Proceeds are correct.
Consequently the overall Capital gains is also wrong.

Further, I notice that this happens ONLY to stocks for which dividends have
been paid to me in one of my 4 or so accounts at ANY time in the past. It
doesn't even have to be the account in which the day trading occurred. I can
fix the problem by giving the stock a different name - say 'Nortel' - which
never pays dividends. Then everything works perfectly. But as soon as I
switch back to the correct name (which has never paid a dividend in this
account, but HAS paid dividends in other accounts) the Capital Gains Report
gets messed up and I'm out anywhere between 30 and 150 dollars in the
Purchase Cost.

Of course I can solve this by never day trading stocks which pay dividends.
Or I could solve it by giving the stocks a 'fake name' by adding a (1) at the
end or something, but then if I want to get a report on a particular stock,
it's no longer a true report because it excludes dividends.

One other thing. I've got the Canadian edition of Microsoft Money 2004, and
have FIFO checked in the options.

Any suggestions?

--
Ken