Handling Initial Stock Holdings
Derek Atkins
warlord at MIT.EDU
Tue Sep 12 09:47:15 EDT 2006
"David T." <sunfish62 at yahoo.com> writes:
> --- Derek Atkins <warlord at MIT.EDU> wrote:
>
>> > $5/share. But if this is the case, how do I track capital gains? If I
>>
>> You should set up the initial balance to correspond to the initial
>> purchase price, not the actual value. I.e., the opening-balance
>> transaction should reflect the basis of the stock.
>
> I can see how I'd do that with a single lot, but what should I do
> with multiple lots? Do I set up a single entry with an aggregate
> basis, or do I create individual opening balance transfers for each
> lot?
I think you need to do it with multiple opening balance transfers.
-derek
--
Derek Atkins, SB '93 MIT EE, SM '95 MIT Media Laboratory
Member, MIT Student Information Processing Board (SIPB)
URL: http://web.mit.edu/warlord/ PP-ASEL-IA N1NWH
warlord at MIT.EDU PGP key available
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