Mutual Fund Sale Details

[Derek Atkins]

"Mike C." <subscribe307 at verizon.net> writes:

> I purchased a mutual fund some years ago and have had dividends
> reinvested since.  I recently sold some of the shares and followed the
> procedure in the documentation under selling shares including the
> asset sale and recognizing the profit all in one transaction.  Then
> the "view lots" shows an incorrect profit gain.  If I separate the
> transaction into two transactions, 1.) asset sale/asset gaining
> account and 2.) asset with zero shares/ Income capital gains, then the
> correct profit gain is shown in the "view lots".  Also now if I save
> the file and reopen it there is an additional transaction with a
> description of "Realized Gain/Loss" and no numbers except a "1" in the
> asset share price.  If I delete this transaction, then in the "view
> lots" the profit is incorrect.
> This seems like a confusing and complicated way to show a sale if this
> is the expected result or have I done something wrong?  I am using
> version 2.2.9 on Windows XP.  Maybe someone else has had a similar
> experience.

Lots are not fully supported.   You can either use lots or not.  If you
mix and match like that then you're likely to have issues.

> Mike

> Please remember to CC this list on all your replies.
> You can do this by using Reply-To-List or Reply-All.

-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