Recording Dividend In Kind

Bernardo Sacchini

Hello,

Recently one security I own paid a dividend in kind, in particular, they are distributing among-ts shareholders the shares of wholly owned subsidiary.

Should I use the spin-off dialog box?

I would very much appreciate helpful insight in what is the best way to record this in Quicken.

Thanks!!

q_lurker

For me, it would all depend on how they are going to report it at end of year.  If it shows up as 1099-Div income,I would record it in Quicken as a Dividend and a buy.  It is also possible they may construe it as a non-taxable 'dividend' in which case the Stock Spinoff would likely be more appropriate.  

Identify the companies and I'll try to take a look at what they have said.

q_lurker

For me, it would all depend on how they are going to report it at end of year.  If it shows up as 1099-Div income,I would record it in Quicken as a Dividend and a buy.  It is also possible they may construe it as a non-taxable 'dividend' in which case the Stock Spinoff would likely be more appropriate.  

Identify the companies and I'll try to take a look at what they have said.