OK, I wanted to figure out and document how to properly handle a stock
split.
Given a stock split, I can see that the stock register has an action
field of Split, but I'm not sure what you're supposed to do with it.
Some of the simple-minded ways I could think of to handle the split
don't seem quite right. You don't really want to retro-actively edit
the original purchase since you want to maintain the historical
record, and you don't want to record the split as a sale and immediate
repurchase of double the stock at half the price since each
purchase/sale is a taxable event as far as short/long term
capital-gains are concerned.
It looks like we may need special case handling for transactions with
action "split". A stock split doesn't really seem like a double-entry
event. I'll go see what the engine does.
Thoughts?
--
Rob Browning <[EMAIL PROTECTED]> PGP=E80E0D04F521A094 532B97F5D64E3930
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