Back to withdrawals!
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Back to withdrawals! Hello again! OK, I spent the better part of last week trying to understand the process of withdrawing a member in stock. So far, so good! I ran the member's withdrawal, up to the very end, then cancelled. (I wanted to explain it to the treasurer and let him handle the actual transaction.) When I ran the withdrawal, I came up with $57.31 in cash remaining. I gave instructions to the treasurer to use 10/10/03 as the valuation and valuation transfer date, and to choose the lots with the highest cost basis. When he ran it last night, he came up with $62.89. So he cancelled the transaction and contacted me. I went back this morning to see what he had done wrong, and I got the same thing he did. What would cause the member's value to increase from one week to another if we are using the same valuation date for the buyout? What am I missing?? Thanks, Lynn Ostrem garbagecop@foxinternet.et |
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