REITS - Buying 1 - 2 weeks before going ex-dividend Message Board

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Strategies & Market Trends : REITS - Buying 1 - 2 weeks before going ex-dividend

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To: Richard Barron who wrote (583)	1/16/1998 12:02:00 PM
From: LarryD	of 2561

I bought some REITs last year and just started working on my tax return. I'd always used spreadsheets and it took only a few minutes each year to add new cells for changes in law or new kinds of investments. But it took me longer to incorporate REIT dividends and capital gains and it looks like it will take a lot of bookkeeping to keep things up to date. I knew about return of capital and adjustment to basis, but one dividend payment included a 1250 depreciation recapture. It took me about an hour at the IRS web site to figure out what to do with that. That made me think about getting a packaged program. Could anyone on this thread recommend any, particularly one that is tied into a stock portfolio management program? I'm looking for something that is rather complete and just doesn't do only the basic forms. This year in addition to incorporating captial gains on REITS I will also have to do the foreign tax credit and child with income over $1300 forms.

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