Capital gains from sale of mutual fund

Feb 22, 2007 4 Replies
A

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?



222 15772 body 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

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?

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H

AFJ wrote in news:qqaqt2t2kj1h38dn0hhgjdlkvbt5ch6aqn@

4ax.com:

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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222 15933 body >AFJ wrote:

Yup..thanks!

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