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Non-Tech : Stocktax: Stock Trader's Tax & Accounting Companion

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To: Labrador who wrote (3)3/27/1999 5:02:00 PM
From: Madhur  Read Replies (3) of 118
 
Hi,

>1. wash sales -- adjusting the basis in the new shares purchased?
Can you give an example?

>2. mutual funds (average cost, and other choices for determining basis)?
At this point StockTax is designed for trading only full amounts of shares,
not the 1/1000th fractions usually used in Mutual Funds.
Can you send us a sample of what you are looking for here?

>3. how does it account for stock basis with sales of portions of your position? does it use first in, first out? can it handle specific identification?
Yes, first in, first out, see an earlier response for an example at:
Message 8562397

>4. bonds? original issue discount and/or market discount adjustments?
No

>5. futures or options?
No

>6. return of capital dividends that reduce a stocks basis?
Can you give an example?

StockTax is designed mainly for actual short-term "Stock" trading...

Cheers,
Burkhard (Madhur) Eichberger
(Professional Software Solutions)
pss@pobox.com
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