Last edited Sat Apr 17, 2021, 03:01 PM - Edit history (1)
I kept an account at Safeco for a family member but it was under my name. It started with several initial deposits and the rest was reinvested dividends and capital gains.
I used a spreadsheet (of course) where I would detail the date, the amount of investment and the share price.
This account was taxable to me, so I calculated how much of my taxable income and associated tax came from that account and sold shares to be reimbursed. And yes, I specified the shares to be sold to minimize the capital gain.
When I finally closed the account and redeemed all the shares, I used the same spreadsheet to calculate my taxable capital gain.
If I made any mistake, I've never heard about it..
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