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Back Before Quicken, Here's How Capital Gains Tax Was Calculated

 

In honor of Sunday's Super Bowl, Tax Forum is tackling a Titan-ic capital gains question and Ram-ming through the truth about the cost basis of the Merrill Lynch Internet HOLDRs.

Unfortunately, the reporting of gains and losses on exchange-traded index options is still under official review. But we'll give you a report from the sidelines.

Any other tax questions? Send them to taxforum@thestreet.com, and please include your full name.

Calculating Capital Gains

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Dow Jones S&P 500 NASDAQ 10-Year Note
10,344.84 1,095.63 2,144.60 32.01
Oil *
78.55
UP
34.92
UP
4.14
UP
6.16
DOWN
0.30
10 Yr
3.20%
SPDR Gold
115.65
+0.34%
+0.38%
+0.29%
-0.93%
Data delayed 20 minutes

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