Question
How do I use 'Adjusted Lot' to prevent Corporate Action adjustments?
Answer
GainsKeeper will adjust your holdings for all corporate actions from 1/1/1999 - forward. You can use the Adj Lot action and set the 'baseline date' to prevent a corporate action from processing against a position that you have already adjusted. For example, you purchased 100 shares of CSCO on 8/10/1998 at a cost of $6,679.96, and the share split in 1999. You have already accounted for the 2:1 split of CSCO on 6/22/1999 in your records. You want GainsKeeper to track your CSCO position, but only after the 6/22/1999 split. Your adjusted lot entry would have the following information:
|
Purchase Date |
Baseline Date |
Shares |
Total Cost |
|
8/10/1998 |
6/23/1999 |
200 |
$6,679.96 |
Entry of your original purchase date enables GainsKeeper to accurately reflect your holding period. Your Baseline Date (adjusted date) tells GainsKeeper when to start tracking the position in your account. It is one day after the split, to ensure that GainsKeeper does not process the corporate action against your position, thus duplicating your shares. The share amount and total cost reflect the position as it existed on your baseline date.
Click here to view the procedure for using the adjusted lot action.