Considerations
GainsKeeper carries share amounts out to four decimal places in order to enable you to accurately record Dividend Reinvestments, Mutual Funds, and other partial share purchase arrangements. In addition, GainsKeeper will calculate and maintain fractional shares in your account that were created by corporate actions.
In most cases, your broker will allocate cash-in-lieu for fractional shares created by corporate actions. If you receive cash-in-lieu from your broker, click here to view the procedure for recording the transaction.
Example
If you have 89.23 shares after a corporate action and your broker pays you cash-in-lieu for the 0.23 fractional share, you should record the transaction in order to correctly remove the fractional shares from your total share position and account for the correct gain/loss on your Realize Gain/Loss Report for tax filing.