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Qarel

11/15/02 2:43 PM

#5922 RE: Bernie Goldberg #5920

Hello Bernie, first off, my method wasn't meant for tax purposes, but I don't think I fooled anyone with that. It's just a funny calculation, in case you like such things. But then! You throw complexity at our heads and only come up with a program that hides the complexity! That is less than convincing, don't you think? But perhaps I am saying that only because I want to know how the calculation works, even when it is performed for me automatically.

But even Money seems to have a problem, because the three calculation methods leave out Tom's average-cost basis calculation, which seems to be a fourth alternative, also approved by your IRS. (Boy, am I glad that I am not an American ;-)

I think it's Lou's turn now, I hope he has found a solution now. And on another tack: what would be the best way to calculate capital gains for tax purposes with AIM? I think Tom V favors FIFO.

Regards,

Karel

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Jerry S

11/15/02 9:21 PM

#5933 RE: Bernie Goldberg #5920

Hi All

There is a inexpensive program that keeps all your trades in order and even gives you a report to use for your taxes. It is Personal Stock Monitor ( standred or gold). It uses FIFO calulations for the report also the report lists long and short term gains/losses.

www.personalstockmonitor.com


Jerry S.