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Quicken Classic for Windows
Investing (Windows)
"Overlapping" operations Dividend reinvestment & stock split
D Bunker
What is the best way to enter 2 operations with "conflicting" record dates?
Example: Dividend reinvestment on 5/1/90, followed by a stock split on 5/2/90. The split record date precedes 5/1/90. So I can't split the shares I don't "have" for that operation. How can I make Quicken understand that the new shares from the div reinv cannot be split?
One option appears to be move the dividend reinvestment to 5/3/90 and then the only issues would be the "incorrect" transaction date for the div reinv shares and the dividend rate per share.
Is there a better way?
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NotACPA
What company, so that we can research ourselves?
D Bunker
US West
NotACPA
I'm confused. You're worried about a stock div date for a company that hasn't existed for over 18 years???
I've got better things to do here.
D Bunker
I am calculating the current cost basis for AT&T and US West is part of that calculation.
The question can be considered more generally, what to do when there is a "conflict" between 2 operations and record dates.
q_lurker
I would not hesitate to re-date such transactions. Move the stock split back or the ReinvDiv forward. Either one should work.
Option 2) with the split recorded after the ReinvDiv == Change the div shares accordingly. i.e., you reinvested and got 1 share, the next day it became 2 shares or 1.5 or whatever split applies.
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