Google Stock Split April 2014

jjrichards
jjrichards Member ✭✭
edited December 2020 in Investing (Windows)
I am running Win 10 and Quicken 2020 Premier. I never have properly recorded the stock split that occurred in April 2014 when I received equal shares of Googl & Goog. I now have 60 shares of each stock. Since this is not a normal stock split how do I record in Quicken?

Answers

  • Tom Young
    Tom Young SuperUser ✭✭✭✭✭
    edited December 2020
    Although the From 8937 for the event - https://abc.xyz/investor/static/pdf/2014_form8937.pdf?cache=2812619 - describes it as a stock dividend, it's clear the normal "stock split" rules apply as Google has allocated original cost between the Class A and Class C shares as 49.92% of original basis is allocated the GOOG and 50.08% to GOOGL.
    You should be able to simply use the "Stock Split" action with a 1 for 1 split and a price for GOOGL of $171.50 and a GOOG price of $569.74.
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