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

How to enter transaction for stock merge

Unknown
Unknown Member
edited May 2018 in Investing (Windows)
I own a stock and when I downloaded the transaction to quicken, the transaction type was "Stock Merge" and the units owned was increased from 23 to 29.4675. Then there's another transaction to adjust the .4975.



1 . How am I going to enter a change company stock name when the units held increased from 23 to 29.4675?


2. How am I going to sell the 0.4675 units as units in stocks are kept in whole numbers? If I enter this transaction (.4675) as Sell, it shows my total stock holdings as 29.4675 and not 29. I can't get rid of 0.4675.



Help!



Thanks,


Marlon

Comments

  • q_lurker
    q_lurker SuperUser ✭✭✭✭✭
    edited May 2018
    If that is really all there is to the transaction, then I would


    A). ignore (delete) the downloaded transaction


    B) enter a corporate acquisition transaction where the new company acquires the old company for a ratio that approximates the 29.4975 / 23 ratio,


    C) sell the resultant fractional share 0.4975) for the cash-in-lieu amount received.



    HTH



    Ps. It is generally helpful if you identify the company so that we might be able to point you to a related discussion or determine if other factors might be in play.
  • Unknown
    Unknown Member
    edited May 2018
    Thank you HTH! Solved my issue.
  • q_lurker
    q_lurker SuperUser ✭✭✭✭✭
    edited October 2017
    Marlon said:

    Thank you HTH! Solved my issue.

    HTH = Hope this helps.
This discussion has been closed.