Fund Manager
Contact Us

Re: Spin-offs (Request for Enhancement)

[ Q2 00 - Q2 01 Archive ] [ Current Message Board ] [ Archives ] [ Search ]

Posted by Dennis on November 16, 2000 at 14:14:59:

In Reply to: Re: Spin-offs (Request for Enhancement) posted by Mark on November 16, 2000 at 06:56:16:

: Yes, this could be more automated. Also, there is an easier way
: to handle spin-offs than re-entering all your transactions at the
: new rate. Use a return of capital distribution in the parent (for 0.05 *
: the original LU basis in this case). Then, record a purchase in the
: child for the same amount. In this case you would then also record
: the sell of 0.1 shares of AV.

Because of the multiple purchases of the LU (on different dates), I believe
I have to record multiple purchases of AV (assigning different purchase
dates to be able to differentiate long vs. short term cap gains).

I also need to record the first sell of 0.1 AV because I need this for the
basis calculations (can't just subtract this from one of the purchases because
you don't know if you're using FIFO or AVG).

Don't you agree that this would be the most accurate way to record this

Replies: | Search | Site Map | About Us | Privacy Policy