Capital gains from sale of mutual fund


A

AFJ

Question. I have Q06. We sold some shares (twice) of my son's
college fund (UTMA) to pay for school.

Assuming we chose the first in-first out accounting method, how do we
determine the capital gains from the sale?
 
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A

Andrew

AFJ said:
Question. I have Q06. We sold some shares (twice) of my son's
college fund (UTMA) to pay for school.

Assuming we chose the first in-first out accounting method, how do we
determine the capital gains from the sale?
Assuming you've done all your entries in Q correctly, run
REPORTS-->TAX-->CAPITAL GAINS and ensure the report looks right after you
customize it to isolate the date range and securities in question. Does
this help?
 
H

Han

Question. I have Q06. We sold some shares (twice) of my son's
college fund (UTMA) to pay for school.

Assuming we chose the first in-first out accounting method, how do we
determine the capital gains from the sale?
Please tell me how you can sell shares twice. I would like to try that,
especially when I bought them only once.







sorry.
 
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N

Nope

Assuming you've done all your entries in Q correctly, run
REPORTS-->TAX-->CAPITAL GAINS and ensure the report looks right after you
customize it to isolate the date range and securities in question. Does
this help?
Yup..thanks!
 

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