SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : FRANKLIN TELECOM (FTEL)
FTEL 0.554+13.1%Jan 2 9:30 AM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Timbo who wrote (35324)6/28/1998 9:29:00 AM
From: David Colvin   of 41046
 
Timbo,

That's great! I wish Fidelity had such a box in their on-line trading software (called Fox +). However, using your E-Trade dialogue box will only work for a given stock or mutual fund if you had previously purchased every single share through E-Trade.

In my case for all my mutual funds Fidelity has no accounting trail in their system of all the transactions prior to transferring them to Fidelity...but I do in Quicken.

In Quicken, when selling a stock or mutual fund a dialogue box also appears and asks "do you want to use tax lots?". I click yes and select which shares I want to sell. If I don't click yes I'm sure Quicken simply assumes the sale of shares from the earliest (date wise) tax lot, thus abiding by the FIFO principle.

I have entered in Quicken every single transaction from the actual confirmation statements of every mutual fund and stock that I own, and feel very comfortable in what I am doing.

With all my mutual funds and all the various transactions during each year (dividends and capital gains distributions) it would be a nightmare to figure out what is going on if it weren't for Quicken.

Come tax time, I simply transfer all the previous years transactions to Turbo Tax and it is smart enough to put each transaction on the appropriate schedule for tax purposes. I always complete my federal taxes in about an hour...it would take much longer if it weren't for Quicken and Turbo Tax. Once the federal is done, the state only takes about ten minutes..really easy.

Dave
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News