Quicken Community is moving to Single Sign On! Starting 1/22/21, you'll sign in to the community with your Quicken ID. For more information: http://bit.ly/CommunitySSO
stock split - twwo new companies
Brian175
Member ✭✭
I have stock in EFN trading at 16.22 that is today splitting into two new companies:
·
one share of Element Fleet should start trading at the
open at +/- $12.92 per share ($16.22 - $3.30).
·
one share of ECN Capital should start trading at the
open at +/- $3.30.
The book value will split the same way 20.34/79.65
How do I book this without triggering capital gains entries?
0
Comments
-
I would likely be choosing to do a Remove Shares for the original holding followed by, for each lot of the original holding, an Add share for the EFN shares at a reduced basis and an Add Shares for the ECN shares for their attributable share of the original basis.
Although the Remove Shares will appear in Cap Gain reports, the reported gain will be $0.0 -
That's what I figured. Was trying to find a faster way. Thank you0
This discussion has been closed.