accounting for stock trades

[Ed Warnicke]

Derek Atkins wrote:

<snip />

>>Also, how do you handle the issue of an account with two Lots like this:
>>
>>           Lot1
>>           Amount        Value
>>Split->     50 AMD        250 USD
>>
>>           Lot2
>>           Amount        Value
>>Split->     50 AMD        500 USD
>>
>>I then sell 80 AMD in a transaction where the AMDAccount spit is
>>
>>Split->    80 AMD   1600 USD
>>
>>How do I apply this single split to the above Lots?  Do I split the Splits?
>>Combine the Lots?
>>    
>>
>
>You split the sale Split into two splits, one for each lot.
>  
>
This troubles me.  I expect most people, most of the time, to use a FIFO 
method
for handling flow of commodities into and out of their account ( ie most 
folks
aren't going to think about Lots most of the time ).  By forcing them to 
split their
Split to match the Lots isn't necessarily a good solution.  I suppose we 
could
autosplit them for folks if necessary...

Ed