Capital Gains Expenses
When selling securities every thing is accounted for with the exception of Commissions so Net Proceeds is not a true figure. Can that be added to the calculation? See line item of sales downloaded and Capital Gains report of that sale.
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@jobworker I believe what you're trying to illustrate in the screenshot is that the Capital Gains Estimator shows gross proceeds of $3,000 for the sale, while in the real world, you incurred a $15 sales commission/selling expense which reduced your proceeds to $2,985. Correct?
How would you envision Quicken adding this to the Capital Gains Estimator tool? Since different brokerages and even different types of securities may have or not have a sales commission/expense, I think the only way to incorporate this would be to add a user-editable field to every security to specify commission/expense if it exists. And even that could be tricky, as it could be a percentage or a fixed fee, so the field would need to accommodate percentages and fixed amounts. My sense is that this would make the screen a bit more complex than it is currently. And I'm not sure it's worth the added complexity for a tool which is just trying to be a tax estimator which allows users to weigh which stocks or lots to sell to achieve their purposes.
Quicken Mac Subscription • Quicken user since 19930 -
@jacobs I had sales that reflected the situation described by me above. That was what I was suggesting as it would then show the accurate Net proceeds. In the estimator situation, I agree, fee could be unknown, though they usually are in a range that could be plugged in. However, in the estimating process one can only see what the gross proceeds would at the time of doing the estimation, which brings up another point, that one is not able to plug in a suggested sales price, so as to evaluate when it would be a good time to actually accomplish a sale for the best results, be it for Capital gains and tax purposes. In other words the Capital Gains estimator is only good for the day it is being used but not good for planning a day to actually initiate a sale, making the estimate limited in scope.
Sorry by digressing a bit from the original but it sort of led in the latter subject.
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