Is there a way to account for this with a new transaction entry? I tried to just sell 0 shares, but editing the value, in attempt to reduce my overall cost basis by that much (what I did in a different investment tracker program). But it won’t register here, still shows $0. Do you just have to back and edit the original purchase entry from when you bought the stock?
Hey Jason,
it won’t work in Capitally, as we’re tracking positions separately, so quantity 0 simply affects no positions.
It will require a new concept in the app. I think it should be an option in the Split transaction - either to reduce principal by split amount or specific amount. You should also be able to point to spun off position, so that all tax lots are preserved.
We’ll implement this after releasing options somewhere in November. I’ll let you know then.
Can you tell which symbol is it so I have a good example?
Sure. A recent simple one would be GE, which over the last few years spun off GEV and GEHC. But for a more complex test, you could look at MO, which split in 2008 to MO and PMI. MO separately spun off KFT (now KHC), and KFT itself subsequently spun off MDLZ. I know how to calculate all the cost basis adjustments (I know the accounting math), I just don’t know how to reflect them in Capitally without manually adjusting the price paid per share in the original Buy entries of each. Would be great if a new feature could adjust them automatically.
Thanks for the examples. As I wrote, it’s not possible to reflect that at the moment in a “proper” way.
Maybe one thing you can try, is to add Convert transaction that converts the whole position into itself (same asset and account). You can specify the cost-basis there, which would be the newly adjusted one. Under the hood it’s the same as Sell+Buy.