I seem to recall some years ago, someone smart like RC White identified thr ough usenet that Quicken's process of allocating a single ROC receipt acros s multiple lots was consistent with then applicable IRS approved methodolog ies. That process was to allocate the ROC to each lot in proportion to tha t lot's basis - independent of the number of shares in each lot. If I had a $100 lot and a $500 lot and received a $60 ROC, $10 would be applied to t he first lot reducing the basis to $90.
Can anyone point me to IRS approval or validation of that process?
It now appears that QW2013 is taking a different tack applying the ROC to t he first lot, until that lot's basis gets to $0, then moving on to the next lot. I would appreciate input from knowledgable accounting types.