tag:infinitekind.tenderapp.com,2009-01-14:/discussions/praise/457-md-has-helped-with-my-taxation-reportingInfinite Kind: Discussion 2018-03-16T22:00:38Ztag:infinitekind.tenderapp.com,2009-01-14:Comment/290443572013-10-07T15:46:41Z2013-10-07T15:46:41ZMD has helped with my Taxation Reporting<div><p>Hi Des,</p>
<p>Thanks for the detailed message and I'm sorry for our slow
response! What types of investment transactions are you looking
for?</p>
<p>Scott Meehan<br>
Moneydance Support</p></div>Scott Meehantag:infinitekind.tenderapp.com,2009-01-14:Comment/290443572013-10-08T20:53:16Z2013-10-08T20:53:16ZMD has helped with my Taxation Reporting<div><p>Hi Scott,</p>
<p>There are really two types of transactions that are needed in
the basic Australian context, the need for them come up reasonably
often.</p>
<p>The first one is a Return of Capital transaction type, however
it needs to be in both directions, i,e, capital you get back and
thus reduces the cost basis of you shares as well as additional
capital you need to put in that increases the cost base, this you
use with shares they have been sold on an installment basis, but
are tradeable at the current value.</p>
<p>The second is the ability to add & remove shares without a
buy or sell transaction. The common use of this is with stock
splits or reverse stock splits where you have a partial number of
shares left over, companies here generally round off the number of
share sometimes upwards sometimes downwards.</p>
<p>Other software also uses the add/remove "shares" to track
superannuation balances that you want to track (where you have no
unit price, but have a changing total value, the method is that you
just set a fixed unit price of $1 with a changing number of
"shares").</p>
<p>I've been fudging add/remove through zero value buys and sells
but this completely stuffs up the ability to use lot matching. I've
been using buy/sells of 0 shares with a value to fudge capital
returns, but again lot matching is stuffed up.</p>
<p>Hope I've explained it clearly enough.</p>
<p>Des</p></div>dwgtag:infinitekind.tenderapp.com,2009-01-14:Comment/290443572013-10-09T14:57:45Z2013-10-09T14:57:45ZMD has helped with my Taxation Reporting<div><p>Hi Des,</p>
<p>Thanks for the further explanation! I've filed a ticket in our
ticketing system with your request and descriptions, so the
developers will be looking into it.</p>
<p>Please let us know if we can be of further assistance!</p>
<p>Scott Meehan<br>
Moneydance Support</p></div>Scott Meehantag:infinitekind.tenderapp.com,2009-01-14:Comment/290443572013-11-11T08:42:00Z2013-11-11T08:42:00ZMD has helped with my Taxation Reporting<div><p>Shareholders in a relatively major company in Australia
(Wesfarmers) in the last week approved two proposals at the AGM
that highlights the need for these transaction capabilities. I
though I would include them here for reference, I've paraphrased
them slightly to make it clearer.</p>
<ol>
<li>
<p>"The share capital of the company will be consolidated through
the conversion of one ordinary share in the company into 0.9876
Ordinary shares in the company and that any resulting fractions of
a share be rounded up to the next whole number of shares"</p>
</li>
<li>
<p>"the share capital of the company to be reduced by approximately
$579 million, such reduction of capital to be effected by the
company paying to each registered holder the amount of $0.50 per
share"</p>
</li>
</ol>
<p>These types are transactions are not that unusual in this
country at least and also consolidation and capital return
occurring at the same time is also not that unusual</p>
<p>Thanks</p>
<p>Des</p></div>dwgtag:infinitekind.tenderapp.com,2009-01-14:Comment/290443572013-11-11T17:35:08Z2013-11-11T17:35:08ZMD has helped with my Taxation Reporting<div><p>Hi Des,</p>
<p>Thanks for the additional information! I've added this to the
ticket.</p>
<p>Scott Meehan<br>
Moneydance Support</p></div>Scott Meehan