Intuit Financial Community: More box 42 - Intuit Financial Community

Jump to content

Page 1 of 1
  • You cannot start a new topic
  • You cannot reply to this topic

More box 42 On behalf of Joe, send to me by PM

#1 User is offline   unknown Icon

  • Top Contributor
  • PipPipPipPipPip
  • Group: QuickBooks Pro Advisor, VOA
  • Posts: 3,906
  • Joined: 30-November 99
  • Gender:Male
  • Location:Alberta
  • Interests:Check out the data transfer utility:

    http://www.q2q.us/index.htm

Posted 25 April 2007 - 02:17 PM

Guess I have to watch it, am getting too popular again, people sending me questions by PM:

Quote

Can you please provide direction as to how Return on Capital is handled in the calculation of determining a gain or loss on the sale of securities? I am not sure if the return on capital reduces the acb of the shares and hence the reason for guidance.

Thanks in advance for your assistance.
Joe

0

#2 User is offline   unknown Icon

  • Top Contributor
  • PipPipPipPipPip
  • Group: QuickBooks Pro Advisor, VOA
  • Posts: 3,906
  • Joined: 30-November 99
  • Gender:Male
  • Location:Alberta
  • Interests:Check out the data transfer utility:

    http://www.q2q.us/index.htm

Posted 25 April 2007 - 02:17 PM

Return of capital reduces the ACB.
0

#3 User is offline   RL Tax Joe Icon

  • Professional Member
  • PipPipPipPip
  • Group: Members
  • Posts: 500
  • Joined: 26-February 07
  • Gender:Male

Posted 25 April 2007 - 02:19 PM

View PostBert_Mulder_CGA, on Apr 25 2007, 09:17 AM, said:

Return of capital reduces the ACB.

For the record....that question did not come from me! ;)
0

#4 User is offline   unknown Icon

  • Top Contributor
  • PipPipPipPipPip
  • Group: QuickBooks Pro Advisor, VOA
  • Posts: 3,906
  • Joined: 30-November 99
  • Gender:Male
  • Location:Alberta
  • Interests:Check out the data transfer utility:

    http://www.q2q.us/index.htm

Posted 25 April 2007 - 02:22 PM

't was another Joe, Joe Who I guess

:)
0

#5 User is offline   BalancedBooks Icon

  • Senior Member
  • PipPipPip
  • Group: Members
  • Posts: 227
  • Joined: 02-December 01
  • Gender:Male
  • Location:Middleton, NS

Posted 25 April 2007 - 02:51 PM

Bert

What is meant by acb?

For that matter, what is a capital gain? :lol: :lol: :lol:

Still gaving fun.

Dan
0

#6 User is offline   unknown Icon

  • Top Contributor
  • PipPipPipPipPip
  • Group: QuickBooks Pro Advisor, VOA
  • Posts: 3,906
  • Joined: 30-November 99
  • Gender:Male
  • Location:Alberta
  • Interests:Check out the data transfer utility:

    http://www.q2q.us/index.htm

Posted 25 April 2007 - 03:07 PM

You dimwit, Dan, of course acb just means that

Adjusted cost base.

as far as capital gains, how should I know. Perhaps you should get yourself an ITA.

Must I do everything for you guys?
0

#7 User is offline   JohnV Icon

  • Top Contributor
  • PipPipPipPipPip
  • Group: Members
  • Posts: 1,017
  • Joined: 03-December 01
  • Location:Edjadaglash

Posted 25 April 2007 - 03:13 PM

I'm glad you asked Joe

Return of capital means all your income goes back to Ottawa
0

#8 User is offline   James1 Icon

  • Professional Member
  • PipPipPipPip
  • Group: Members
  • Posts: 875
  • Joined: 04-December 03
  • Gender:Male
  • Location:Manitoba

Posted 25 April 2007 - 04:05 PM

View PostJohnV, on Apr 25 2007, 09:13 AM, said:

I'm glad you asked Joe

Return of capital means all your income goes back to Ottawa


no that would be "return to the capital"
0

#9 User is offline   Joe Icon

  • Top Contributor
  • PipPipPipPipPip
  • Group: Members
  • Posts: 3,921
  • Joined: 01-December 02

Posted 25 April 2007 - 04:52 PM

View PostBert_Mulder_CGA, on Apr 25 2007, 07:17 AM, said:

Return of capital reduces the ACB.


Is that all you said in your PM reply?
Such professional restraint!

They would have received something sharper from this "Genuine Joe".... :P


I see this thread is out in the general section...
...
0

#10 User is offline   unknown Icon

  • Top Contributor
  • PipPipPipPipPip
  • Group: QuickBooks Pro Advisor, VOA
  • Posts: 3,906
  • Joined: 30-November 99
  • Gender:Male
  • Location:Alberta
  • Interests:Check out the data transfer utility:

    http://www.q2q.us/index.htm

Posted 25 April 2007 - 05:25 PM

All I said in my PM reply is that I would only answer in the Forum, not by PM
0

#11 User is offline   Joe Icon

  • Top Contributor
  • PipPipPipPipPip
  • Group: Members
  • Posts: 3,921
  • Joined: 01-December 02

Posted 25 April 2007 - 05:47 PM

View PostBert_Mulder_CGA, on Apr 25 2007, 07:17 AM, said:

Return of capital reduces the ACB.


Not to be confused with PMs, which Increase calls to the ACB (Annoyance Call Bureau)...

Or, since Bert is a member of the Mob, increases to the ACB (Asphalt-Concrete Base)...

Bert should be properly engaged instead, to ensure increases to his balance in the ACB (Antigua Commercial Bank)..

But dont try to call Bert in the last week of April, because he has decreased his ACB (Automatic Call Back) to zero..
- you would likely get referred instead directly to his ACB (Automated Collections Branch)...
0

#12 User is offline   unknown Icon

  • Top Contributor
  • PipPipPipPipPip
  • Group: QuickBooks Pro Advisor, VOA
  • Posts: 3,906
  • Joined: 30-November 99
  • Gender:Male
  • Location:Alberta
  • Interests:Check out the data transfer utility:

    http://www.q2q.us/index.htm

Posted 25 April 2007 - 06:02 PM

Boy Joe, you are good!

Where do you find time to think up all this stuff?
0

#13 User is offline   ChrisG Icon

  • Professional Member
  • PipPipPipPip
  • Group: Members
  • Posts: 745
  • Joined: 03-December 01
  • Gender:Male
  • Location:Left Coast
  • Interests:Wine, travel and wine.

Posted 25 April 2007 - 06:16 PM

View PostBalancedBooks, on Apr 25 2007, 08:51 AM, said:

Bert

What is meant by acb?

For that matter, what is a capital gain? :lol: :lol: :lol:

Still gaving fun.

Dan


I think that it is supposed to be ABC, also known as the alphabet. It all comes me when I sing it.
0
Page 1 of 1
  • You cannot start a new topic
  • You cannot reply to this topic

1 User(s) are reading this topic
0 members, 1 guests, 0 anonymous users