Re: Handling stock splits
[ Q2 03 - Q4 05 Archive ]
[ Current Message Board ]
[ Archives ]
[ Search ]
Posted by Brian Millard on January 21, 2004 at 07:06:19:
In Reply to: Handling stock splits posted by Brian Millard on January 18, 2004 at 21:11:36:
: I entered a 2 for 1 stock split on the investment data screen, but the cost basis in the stock is not adjusted and the gain/loss is incorrectly stated on the capital gains report. Am I not entering enough information? Do I have to make manual adjustments to the cost basis of the stock? I didn't explain my problem very clearly. I had 50 shares of stock that I purchased at 37.00. The company split 2 for 1, so now I have 100 shares. I originally entered the transaction for the 50 shares at the 37.00. I sold 55 of the shares recently and recorded that transaction. Now my investment reports show that I have -5 shares. Where should I have entered the 50 shares that I received in the split? They were not really a purchase, but should they be recorded as one? Thanks.
Replies:
|