Quick Question to see if my thinking is right. Best way to
explain is probably an example.
**
-Everyone puts in $50.00 each month but it may vary on the
specific day so we have decided to use the Valuation date of
the last day of the previous month.
-So in order for Taxes to be right I would think I would
have to wait until the end of Jan. so that I can input those
values and enter in Dec 31, 2001 as a valuation date. Which
in turn would affect each members Valuation for the year of
2001.
**
Or is my thinking on this incorrect??
**
Any Help would be appreciated,
After Hours Investing
Chad

Chad Aberle writes:
> -So in order for Taxes to be right I would think I would
> have to wait until the end of Jan. so that I can input those
> values and enter in Dec 31, 2001 as a valuation date. Which
> in turn would affect each members Valuation for the year of
> 2001.

Only payments which are received during the tax year are relevant to
the tax year. If your members made payments in December, you might
have used a 11/30 valuation date and, say, a 12/15 transaction date.
That would be your last payment for the year.

Any payments in 2002 don't affect your taxes in 2001. The valuation
date isn't really relevant in this case.

Does that explain your question?

Cheers,
Rob