How should I record this "Cash In Lieu" transaction?
I have a "Cash In Lieu" transaction from a statement in January 2015, and I'm wondering how this should be recorded in Quicken. Details from my statement are as follows:
Trade Date: 1/30/15
Type: Cash In Lieu
Description: Telefonica SA Spons ADR Cash In Lieu Of Fractional Shares
Per Unit Amount: 14.327
Realized Gain/Loss: 7.02 L
What I've tried:
Recording a "Div - Stock Dividend (non-cash)" transaction and entering 0.490 divided by the share balance prior to the transaction into the "New shares issued" field. Then entering a "Sell" transaction for those shares. (FWIW, this is my understanding of what has actually happened in this transaction). The reason this doesn't work is that I'm unable to achieve the $7.02 long-term capital gain in the Sell transaction regardless of which Lots I choose. I think the reason for this is that the "Div - Stock Dividend (non-cash)" transaction is actually a stock split which affects all of the previous Lots as opposed to adding a new Lot.
The other approach I've tried is to simply enter an "Inc - Income (Div, Int, etc.)" transaction with $7.02 entered in the "Long-term cap gain dist" field. This keeps my share balance and cost basis in-tact. It also keeps the grand total investment income correct, but the $7.02 is counted as "_LT CapGnDst" as opposed to "_RlzdGain" like I believe it should be classified (I could be wrong in this).
I also tried entering an "Add - Shares Added" transaction, then a Sell transaction for those shares, but ran into the same issue as approach #1.
Does anyone have feedback on how this transaction should be entered? Thanks in advance!