Big Error in Capital Gains Report (?)

jstackpo's Avatar

jstackpo

05 Feb, 2018 01:21 PM

I purchased a new block of stock two years ago, sat on it, and sold it a year (plus 2 days) later, a simple buy N shares, then sell N shares.
When I ask for a "Capital Gains" report, M-Dance (1659) reports a very wrong Cost Basis for the sale. When I ask for a "Cost Basis" report, M-Dance gives me the correct cost basis, in agreement with the account register cost and the stockbrokers (1099 - US) report of the transaction.
It is not a small error: the correct cost is ~$115K, the erroneous cost is ~$95K.
Similar errors show up on other transactions. Any idea what is going on?

  1. 1 Posted by -Kevin N. on 05 Feb, 2018 03:01 PM

    -Kevin N.'s Avatar

    Hi jstaackpo,

    I vaguely remember toying around with a Cap Gains report for some shares that I had sold a few years back. If I remember correctly, the CG report would not cooperate until I lot matched the sale.

    If you haven't done so already, try lot matching the sale and see if it then resolves to the correct basis.

    -Kevin N. (not a member of MD support)

  2. 2 Posted by jstackpo on 05 Feb, 2018 04:10 PM

    jstackpo's Avatar

    I stumbled on the lot matching option at one point, and forgot where it was.
    Can you remind me, please.

  3. 3 Posted by -Kevin N. on 05 Feb, 2018 04:15 PM

    -Kevin N.'s Avatar

    Hi jstackpo,

    Go to the 'Securities Detail' view of the Investment Account.

    In the upper, right-hand quadrant, select the security in question from the drop-down list.
    Click 'Edit Security'.

    In the resulting window, you can select the 'Lot Matching' option.

    Once you do, you should be prompted to lot match the sale.

    -Kevin N. (not a member of MD support)

  4. 4 Posted by jstackpo on 05 Feb, 2018 04:40 PM

    jstackpo's Avatar

    Thanks for the location

    Apparently, the lot allocator doesn't like it when I put all of the purchase in one lot (since that it what I bought). Gave me an error message: "incorrect number of shares". There was no change in (subsequent) erroneous cash value in CapGains report.

    Looks like the support guys/gals have something else to add to the "fix it, please" list

  5. 5 Posted by -Kevin N. on 05 Feb, 2018 04:56 PM

    -Kevin N.'s Avatar

    Hi jstackpo,

    Lot matching seems to have gotten more temperamental in the recent versions of Moneydance.

    It's another in a list of reasons that I continue to use MD 2011.

    Sorry that I couldn't be of more help.

    -Kevin N. (not a member of MD support)

  6. System closed this discussion on 07 May, 2018 05:00 PM.

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