08-09-2008, 11:45 PM
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 Re: Wrong tax calculations for 'transfered out' shares If you initiated the transaction as a Transfer Out (rather than a Transfer In from the receiving account), the cost basis is retained. But the date basis isn't. In a nutshell: what's wrong is the Capital Gain Estimator. Been like this for quite a while. Michael Gordon "sri" <sri[at]discussions.microsoft.com> wrote in message news:5AE8284D-65C2-42C6-B2A5-CA3D7F97E842[at]microsoft.com... - quote - > In Money 2006.. > Yesterday, I have 'Transfered Out' a few (partial number of) shares that > I > have purchased in the year 1999 from the original brokerage account to a > different brokerage account in Money. > Then, when I ran the "Capital Gains Estimator" on the transfered out > shares > in their new brokerage account, estimator is wrongly taking yesterday's > transfer date as the purchase date and coming up as a "short-term sale" !! > Any ideas what's wrong? |
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#-1
08-08-2008, 10:09 AM
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| Wrong tax calculations for 'transfered out' shares In Money 2006.. Yesterday, I have 'Transfered Out' a few (partial number of) shares that I have purchased in the year 1999 from the original brokerage account to a different brokerage account in Money. Then, when I ran the "Capital Gains Estimator" on the transfered out shares in their new brokerage account, estimator is wrongly taking yesterday's transfer date as the purchase date and coming up as a "short-term sale" !! Any ideas what's wrong? |
| Tags |
| calculations, shares, tax, transfered, wrong |
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