[GNC] Stock Split - am I doing this right?
nvsoar
nvsoar at charter.net
Sat Jul 30 19:59:55 EDT 2022
On 07/30/22 16:10, replicon wrote:
> I'm trying to capture the AMZN stock split that took place a while back.
>
> I was surprised by the UI, since instead of "enter split ratio" or
> something like that, it wants me to manually calculate additional stock.
>
> Is the correct way to do it:
>
> - Multiply stock holdings by 19, and add that as additional stock (since
> it's 20-to-1)
> - Set the "new price" to the value it had when the split occurred
>
> My concern is, since stock purchases we track in GNUCash include the basis,
> doesn't the stock split tool cause it to lose track of cost basis?
>
> I imagine the correct way to track things like capital gains is that any
> transaction where stock was received at a certain price should be
> supplanted with a new transaction for 20x that much stock, at 1/20 of the
> value at time of receipt. Is that not correct? Or is that actually
> happening under the hood without my noticing?
>
> Thanks!
FWIW - costbasis.com has assisted me in getting numerous stock
transaction calculations correctly. No charge, donations accepted. nvsoar
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