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#1
07-11-2004, 04:15 PM
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 Re: capital gains error I've seen this where a transfer of securities has occurred. -- Michael Gordon MVP "Cal Learner-- MVP" <via_newsgroup[at]please.tnx> wrote in message news:61u5e0lgf937011vqg8190vjt3vcuv5vej[at]4ax.com... - quote - > In microsoft.public.money, Tom wrote: > > When Money 2004 Premium calculates capital gains, it is > > incorrect when a sale occurs that includes more than 1 > > tax lot. It does not subtract the transaction cost from > > the sale. This gives a larger gain than is correct. One > > pays capital gains on the transaction cost. It works > > correctly when a sale occurs that has only 1 tax lot. > > This could cost users a significant amount of money. Has > > anyone else noted this serious error? > No. |
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06-30-2004, 05:28 PM
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| Re: capital gains error In microsoft.public.money, Tom wrote: - quote - > When Money 2004 Premium calculates capital gains, it is
No.> incorrect when a sale occurs that includes more than 1 > tax lot. It does not subtract the transaction cost from > the sale. This gives a larger gain than is correct. One > pays capital gains on the transaction cost. It works > correctly when a sale occurs that has only 1 tax lot. > This could cost users a significant amount of money. Has > anyone else noted this serious error? |
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#-1
06-30-2004, 05:05 PM
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| capital gains error When Money 2004 Premium calculates capital gains, it is incorrect when a sale occurs that includes more than 1 tax lot. It does not subtract the transaction cost from the sale. This gives a larger gain than is correct. One pays capital gains on the transaction cost. It works correctly when a sale occurs that has only 1 tax lot. This could cost users a significant amount of money. Has anyone else noted this serious error? |
| Tags |
| capital, error, gains |
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