In microsoft.public.money, Jeff wrote:

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Good to hear.

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No, but changing it is not that hard. It is not as if you buy
different funds every day. While looking at the details of one
security, you can choose the details for another security by using
the drop-down down-arrow to the left of the big blue investment name
heading.

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I appreciate your assistance! I was successful in getting
the desired results. By chance, is there a way to set the
Investment Details default to be the Actual Cost Basis?
That would be nice. The default currently seems to be the
Double Cost Averaging.

In microsoft.public.money, Jeff wrote:

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In the investment details choose Cost Basis: Actual Cost Basis. Then
Reallocate Lots. I believe had said that.

To Reallocate Lots, right-click the Sell transaction.

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My expectation was to use the actual cost basis. How do I
accomplish this with mutual funds in Money.

In microsoft.public.money, <anonymous[at]discussions.microsoft.comwrote:

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Now that does not fit my hypothesis. I was postulating that the
other purchases were cheaper bringing down your average to the
number Money was using.

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The basis rules are country-specific.

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Only funds use single or double basis averaging. Stocks use actual
cost always.


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The US permits single or double basis averaging for funds. Most
people use single basis for simplicity. Some get that info from
their fund companies. It sounds as if you will want to use actual
cost basis.

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1. As I recall, the additional purchases were more
expensive.

2. Yes, I do live in the US (midwest) and bought it from
an Office Supply chain store.

3. Yes, you are correct that this is a stock mutual fund.
What difference does this make for Money?

4. This was the first sale from this fund. I don't recall
seeing the term Actual Cost Basis during the entry of this
sale. What are the other options and when should I expect
to select this option. I know from the IRS rules, one
should not change the cost basis of sales. Are there
other rules you are referencing?

In microsoft.public.money, Jeff wrote:


- quote -

May we assume that

you have more (cheaper) purchases that you did not show?

you are in the US?

this is a mutual fund and not a stock?

in the account details for the fund your Cost Basis is NOT set to
Actual Cost Basis?



You could set things up for Actual Cost Basis and Reallocate Lots if
this is your first sale of that fund. Otherwise you are required to
stick with the averaging method, if I read the rules correctly.

Sorry for the previous incomplete post.


Just started using Money 2003 last year. I was attempting
to get the profit of a couple of stock sales I made last
year in support of preparing my tax return. When entering
the sale, I specified the shares as the original purchased
shares. The situation is similar to the following:

DATE TRANSACTION SHARES COST/SHARE TOTAL
02-02-2001 BUY 2,500 4.00 10,000
12-15-2001 Reinvest Div 50 4.50 225
12-01-2003 SELL 1,000 5.00 5,000
12-10-2003 SELL 1,000 5.10 5,100
12-15-2003 SELL 500 5.00 2,500

The Tax Report-Capital Gains for the Previous Year
indicates the following:

DATE TRANSACTION SHARES TOTAL COST PROFIT
12-01-2003 SELL 1,000 5,000 3,750 1,250
12-10-2003 SELL 1,000 5,100 3,750 1,350
12-15-2003 SELL 500 2,500 1,980 520
TOTAL 2,500 12,600 9,480 3,120

In this example, there is a difference in the computed
cost ($9,480) versus the actual cost of ($10,000)

What can I do about this?

Just started using Money 2003 last year. I was attempting
to get the profit of a couple of stock sales I made last
year in support of preparing my tax return. The situation
is similar to the following:

DATE SHARES COST/SHARE TOTAL
2-2-2001