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Schwab acqisition of TDAmeritrade

Douglp

What is the best way to record the transfer of my TDAmeritrade stock to Schwab in Quicken for Windows?

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Douglp

Perfect! Thanks for your assistance.

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NotACPA

I assume that you mean "stock held at TDAmeritrade" and not stock OF TDAmeritrade.

The simplest approach, when it actually happens, is to simply disconnect your account(s) from download, exit and restart Q, EDIT the account(s) with the new Schwab info and proceed.

You could stick in a $0 transaction, to mark the event, if you wanted.

Douglp

Actually it is stock of TDAmeritrade. This week Schwab's acquisition of TDAmeritrade happened, and I was received 1.08 shares of Schwab for every 1 share of TDAmeritrade and the fractional shares were paid out in cash. I don't know what Action I should select in Quicken to transfer these correctly.

NotACPA

OK, sorry for the mis-direction. Obviously I didn't understand your question.

BUT, now I need further info re: your situation.

Specifically, WHICH Q product are you running, and what BUILD of that product.

Do HELP, About Quicken for this info. (not all Q products have the same ability re: investment transactions).

ALSO, what brokerage holds this stock? Is that staying the same?

Douglp

I am using Quicken - Premier Version R29.16 Build 27.1.29.16

TDAmeritrade is the brokerage and until I am forced to move it will stay with them.

Thanks

NotACPA

OK, so you're holding TDA stock in a TDA account.

re: the move of the account ... I've already provided that info.

Use the Corporate Acquisition (Stock for Stock) action in the account. This will give you Schwab stock with fractional shares.

Sell those fractional shares for the cash received.

Douglp

I may be blind but I don't see an Action called "Corporate Acquisition (Stock for Stock)". Can you tell me how to get this?

NotACPA

In your investment account, click "Enter Transaction" at the top of the account and then click on the dropdown menu "Enter Transaction". The CorpAcq action is near the bottom of the list.

Douglp

Perfect! Thanks for your assistance.