0 price for total loss of shares

[David Carlson]

On 5/15/2013 11:05 AM, Stefano M Canta wrote:
> A 0.0 price does not work.
> Let's say I have 100 shares and I have a loss on 2.
> I will write a transaction for  -2 shares at a price of 0, but the advanced
> report for some reason can't compute the basis anymore when I have two or
> three of these total loss transactions.
>
> Stefano
>
>
> -----
>
> Stefano Mihai Canta, Ph.D.
> Electrical Engineering Specialist
> Antenna Subsystem Operations
>
> Space Systems/Loral
> 3825 Fabian Way M/S G-43
> Palo Alto, CA 94303-4604
> Tel  1-650-852-5808
> Fax 1-650-308-1808
>
>
> On Wed, May 15, 2013 at 6:15 AM, Steve <zephod at cfl.rr.com> wrote:
>
>> ---- Stefano M Canta <cantastefano at gmail.com> wrote:
>>> Hello,
>>> How do I insert a price of 0 USD for the total loss of some stock shares?
>>> If I just subtract the shares without any price from the stock account,
>> the
>>> advanced portfolio report has issues computing the basis.
>> Have you disposed of these shares or do you still own them?
>>
>> If you still own them you could go to the price editor and manually enter
>> a price of 0.0. I'm assuming that you can no longer get a quote. I don't
>> have GC on this machine so I can't give you the exact steps.
>>
>> If you have disposed of the shares then just enter a normal sell
>> transaction with 0.00 as the amount received from the sale. I suppose that
>> this amount could be negative if you still had to pay fees and/or
>> commisions.
>>
>> Steve
>>
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You need to record the capital loss.  See chapter 8 of the Tutorial for
an explanation.

David C