Re: What's the proper accounting way to handle a stock split?

[Bill Gribble]

Richard Wackerbarth <[EMAIL PROTECTED]> writes:
> Careful. You may have to make the declaration at the time do the transaction.
> Some of the IRS rules are of the form, "unless you declare otherwise, it is 
> assumed that ..."

I wasn't counseling anyone on how to make decisions of this type, and
I definitely wasn't counseling people to make illegal decisions!  I
was just pointing out that there are a variety of ways to account for
cost basis and we shouldn't make policy decisions in the engine at
transaction time unless there's only one legal way to make them.

Bill Gribble

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