Italian user here! I don’t speak german, so I will write in english.
I just discovered this very useful program (thanks to an advice from an italian user in a financial forum), and I’m trying to get the best of it. Unfortunately, PP calculates the average cost per share very differently compared to my online broker, which doesn’t use the FIFO methodology, but instead the average cost basis (ACB). This creates problems in the calculation of capital gains and taxes.
The following example comes from my personal brokerage account. I will ignore trading fees and dividends since they do not affect the ACB, capital gain or taxes in this particular case:
ISIN - IE00B2NPKV68
02/01/2020 – Buy 24 shares / price 101,94 euro per share = 2446,56 euro
02/04/2020 - Buy 10 shares / price 87,40 euro per share = 874 euro
29/01/2021 – Sell 25 shares / price 93,10 euro per share = 2327,50 euro
29/01/2021 - Buy 25 shares / price 93,13 euro per share = 2328,25 euro
In 02/01/2020 my ACB is 101,94, then the ACB becomes [(2446,56+874)/34] = 97,66 in 02/04/2020
I sold my 25 shares in 29/01/2021 and I happen to be at a loss of 114 euro, as my broker calculates the loss using the ACB method: [25*(97,66 – 93,10)] = 114. PP uses the FIFO methodology instead, and calculates my loss at roughly 206 euro, which is the result of [24*(101,94 – 93,10) + 1 *(87,4 – 93,10)] = 206,46.
Using the same criteria, when I bought my 25 shares back at 93,13 euro, my broker calculated my new ACB at 94,32 euro, which is [(997,66)+(2593,13)]/34
PP instead calculates another average, which is the result of [(987,4)+(2593,13)]/34 = 91,61
This creates a distortion in the calculation of capital gains and taxes. In PP I have a (negative) realized capital gain of 206,46 euro and (considering today’s market prices at 94,54 euro per share) an unrealized capital gain of 93,39 euro, while in reality I suffered a loss of only 114 euro and I would have a slight capital gain of 7 euro if I sold today my shares.
Since this difference in methodologies affect the correct calculation of capital gains and taxes in Italy, I wonder if there is any way set PP to calculate the ACB like my Italian broker.
Many thanks for any help or advice you will provide!