improper change to stock cost.

wjschmidt's Avatar

wjschmidt

16 Dec, 2021 01:36 PM

I received a dividend of $97.29 with a withheld tax of $25.68. The income and expense accounts were recorded correctly but the $25.68 was added to the cost of the security. The cost of the stock changed from $3165.20 to 3190.88.
See attached.

  1. 1 Posted by dwg on 16 Dec, 2021 07:37 PM

    dwg's Avatar

    I'm a fellow user.

    I tried this on Build 4063, Looked at the cost basis on the Securities Details screen first, entered a transaction then went back to the Securities Details screen and the cost basis had not changed.

  2. 2 Posted by wjschmidt on 17 Dec, 2021 03:26 PM

    wjschmidt's Avatar

    I'm using 4060 which is the latest version on IK web page. Where did you get 4063?

  3. 3 Posted by Stuart Beesley ... on 17 Dec, 2021 04:19 PM

    Stuart Beesley (Mr Toolbox)'s Avatar
  4. 4 Posted by wjschmidt on 20 Dec, 2021 04:11 PM

    wjschmidt's Avatar

    the error persists with the preview version. This problem only occurs when using lot matching, not average cost. It is also not specific to this security. I also tried a new security with one purchase and one dividend, i.e. only one lot - same problem. I then created a new database with one security. - same problem. At this point, it seems that lot matching is the problem.

  5. System closed this discussion on 21 Mar, 2022 04:20 PM.

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