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Gold/Mining/Energy : TAXES, TAXATION, TAX and Canadian stocks

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From: Gold Panner1/14/2005 10:31:24 PM
   of 548
 
Hi Everyone,

I wanted to put this tax question out to see what recommendations and views everyone has. I have been more and more investing into the trust and income funds area and would like to know how one can keep track of capital gains for monthly income type mutual funds where one has reinvested their distributions on a monthly basis.

Is there tax/tracking software that someone can recommend for this? I was thinking of buying the Quicktax version that was geared towards investors to see if it would help, but does anyone have any experience for this type of thing? I sometimes am wary of the average cost values from the brokerage statements... as not all take into consideration for return of capital amounts... also one has to keep track of that too for the future when you sell the holding.

All of this is complicated by any selling/buying/reinvesting you do in-between it all. Does anyone know of any good internet links with info. on these issues? I want to avoid paying an accountant as I have been a "Do it yourself" all these years.

Thanks...

gp
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