Some strange calculations regarding preliquidation after-tax return adjusted for the impact of nondiscretionary capital gains…I can’t see where it is addressed in the LOS. Thoughts?
this is where Schweser drops the ball. It is in the CFAI text. Basically, in calculating the preliquidation after-tax return, you adjust the numerator by deducting the real taxes.
Damn, was hoping to ignore it…
There is no LOS for it though