Re: Split is Retrieved as a purchase

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Posted by Mark on May 09, 2007 at 23:13:47:

In Reply to: Split is Retrieved as a purchase posted by Robert on May 09, 2007 at 22:30:47:

: (thanks for your patience, I'm getting there)

: I'm trying FM(PV), splits are retrieved as a purchase (as
: shown by All Data), so the Cap Gain Report can then be incorrect. If a sale is a long gain, and the split occured
: less than 1 year before the sale then that part of the sale
: is incorrectly reported as a short gain with zero cost (so
: a big gain).

: I'm at a loss to understand how the program expects me
: to deal with splits. Should I manually delete the incorrectly
: labeled split, and hand edit the original transaction? How
: would I know to perform this action? (It seems to me that the
: program quietly added corrupted data.) Perhaps there is a better
: way, is it documented any place?

: I infer from a comment in the documentation under 'Yahoo(Historical)' that FM(Pro) does not relabel a split as
: a purchase. Is this correct? Will the Cap Gains Report from
: FM(Pro) be long only gain in the case above?

Hi Robert,

How did you retrieve this split, with the transaction retrieve, or using Yahoo (Historical)? I suspect it came from the transaction retrieve. FM just imports the data as supplied by your broker. You do get to preview it before it is imported. I have seen before that some brokers (for example, Schwab) handles splits by recording a purchase for the number of shares gained by the split. If this is the case, I would suggest deleting that artificial purchase, and recording a split transaction instead. You deal with splits by entering a split transaction. In the Data Register, go to the "Splits" data type, and enter a new split.

Thanks,
Mark
--
Fund Manager - Portfolio Management Software

Replies:

• Re: Split is Retrieved as a purchase Robert 16:01:19 05/10/07 (4)
  • Re: Split is Retrieved as a purchase Mark 17:34:08 05/10/07 (3)
    • Re: Split is Retrieved as a purchase Robert 20:29:08 05/10/07 (0)
    • Re: Split is Retrieved as a purchase Robert 20:10:53 05/10/07 (1)
      • Re: Split is Retrieved as a purchase Mark 20:55:49 05/10/07 (0)