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Strategies & Market Trends : A.I.M Users Group Bulletin Board
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To: LemonHead who wrote (8115)8/10/1999 11:14:00 AM
From: OldAIMGuy  Read Replies (1) of 18928
 
Hi Keith,
One nice thing about last year's gains is that most of it was Long Term. Makes it all the sweeter. AIM's hard pressed to turn over 100% of an initial position in the first 12 months, so its tax consequences are relatively benign.

I felt like an archeologist while looking for some of the buy trade tickets! Oldest dated to 1990, I believe. Many were from around '94 through '96. I do my taxes on a FIFO basis for stocks and Ave. Cost for mutual funds.

Here's some further break-down:
85 taxable events
30 Short Term (35%)
---------------
55 Long Term (65%)

Of the Short Term events, 6 were FIFO losses (20% of the trades).
Of the Long Term events, 7 were FIFO losses (13% of trades).

Best regards,
Tom in Bookkeeping
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