IRA INVESTMENT "COST BASIS"

Ken267
Ken267 Quicken Windows Subscription Member ✭✭✭
in Investing (Windows)

I have created several investment reports on my quicken program. My reports for my IRA accounts provides a "cost basis" column. It is misleading at best. It includes as a cost all my reinvested dividends and capital gains.

I consider dividends and cap. gains as all GAINS not COSTS since there are no tax obligations for them in IRAs.

Comments

  • NotACPA
    NotACPA Quicken Windows Subscription SuperUser ✭✭✭✭✭

    A reinvestment creates a new lot of the security … and that lot has a cost basis which adds to the total.

    Q is acting correctly, it's your understanding of Cost Basis that's in error.

    If reinvestments had no cost, then your performance for the security would be grossly inflated since you'd have a position/lot which had value but no cost.

    Q user since February, 1990. DOS Version 4
    Now running Quicken Windows Subscription, Business & Personal
    Retired "Certified Information Systems Auditor" & Bank Audit VP

  • Ken267
    Ken267 Quicken Windows Subscription Member ✭✭✭

    I understand what you are saying but I want to know what my actual BUY costs are so I know what i have gained or lost.

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