Clearing Your Fair Market Values

In this tutorial, we will go over how to clear your transaction fair market values and the implications of using this function in the ledger.

Step 1

In your Transactions tab, select the transaction you want to clear the FMVs from. 

Step 2

After selecting the transaction that you want to clear the FMVs from, click on the three-dotted button and select the "Clear FMV Data" option. 

This will remove any cost basis/proceeds from the transaction line. Once you do this function, you will need to run a new cost basis calculation for the system to add fair market value data to the line. 

Step 3

Confirm the action by clicking the "Clear Data" button and the two transactions selected will have the fair market values cleared.