Split-adjustment error for specific lot sales?
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Posted by George Timms on December 01, 2002 at 08:57:44:
I have encountered an anomalie that I think may be an error in the way FM handles specific lot identification of a security that has split since it was purchased. The "Specify Lots" window appears to work entirely in split-adjusted shares, but the cost basis computed for the transaction on the Capital Gains - Specific Lot report seems to treat the number of shares as pre-split values. What I'm seeing is a cost basis that is overstated by the split factor (in my case, 4x because the stock has had two 2-for-1 splits), which grossly overstates my gain/loss.