May 24, 2019


The May 24, 2019 update to MaxiFi implemented a major redesign of how we handle capital gains on taxable assets in the regular asset account and capital gains on bequests. In the past, we realized future capital gains as they were accrued, i.e. in the year they were earned and assessed capital gains on bequests. With that update, we now realize capital gains on a pro-rata basis when they are withdrawn from the regular asset account and we exempt death bequests from capital gains.

For more details about this change, see this page in the User Manual