Replies to post #9089 on Mostly: Classical

[Sexton O Blake]

Thanks KD.

I did already and it was "good" for what it did, but the management of the alerts was very time consuming. I also believe it wasn't as robust as I wanted. Further, it still wasn't the best place to hold my portfolio/track my capital gains and other tax info etc

The biggest problem I found with alerts is - too many are generated to be effective - they become noise.

Quicken failed with their treatment, or lack therein, of CDN/US currency. Further, they cannot (at 2002 and 2004 time), export the portfolio to the web nor update during the day (automated).

Whilst figuring out my 2003 capital gains, I found maybe a flaw in Quicken.

While you hold an Income Trust any 100% ROC (Return of Capital) it reduces your ACB. However, what happens if you SELL your holding? You get the ROC based on record date. So in the end you have sold on the 20th and get payment say on the 25th - the payment is AFTER the final sale - what is suppose to happen to that? Quicken totally ignored it - ZERO reporting.

I assume I have to "TRICK" quicken and back date the final ROC to BEFORE my final sale. No problem since that is all I ever did with Quicken which is why I abandoned it.

Which opens up the next question - If I hold 5000 trust and sell 2500 before the ROC and get an ROC for the total 5000 - am I suppose to attribute 1/2 the ROC to the first transaction, or adjust my ACB for future sales? Acclaim and Capital Gains booklet don't mention this.. My thought is back date any ROC received if that entire portion is not based on the holdings on that day.

blake's toast..