How can I pass a write-off entry for Mutual Fund in MProfit?

In this tutorial, we will explain how you can add a Mutual Fund Write-Off entry in MProfit.

Follow the steps below:

Step 1: In the MProfit portfolio summary screen, right-click on the mutual fund that you need to add a Write-Off entry.

Step 2: In the dropdown list, select Other Transactions.

Step 3: Next, select Write-Off Asset.

Step 4: In the following window, enter the Date and click Save.

This feature is especially useful when a company is dissolved.

As a result, you no longer hold shares of this company, so you have no capital loss in the capital gains report.

After the write-off, you might also notice that the XIRR for this asset is shown as negative due to the dissolution.

This is how you can seamlessly add a Mutual Fund Write-Off entry in MProfit!