How does one create transacton for a Corporate Acqusistion (merger) in Quicken 2021 for Mac

I recently purchased Quicken 2021 for Mac. There does not be an option in transactions in Quicken 2021 for Mac to account for a merger - Company A buys Company B is a stock for stock tax-free merger. I' wondering if anyone knows how to do this and keep the correct cost basis. Thank you.

Best Answers

  • Frankx
    Frankx SuperUser ✭✭✭✭✭
    edited April 3 Accepted Answer
    Hi @ANDREWTSUTPHIN

    Unfortunately, Quicken Mac doesn't have the same features that Quicken Windows has for corporate mergers and other organizational transactions that companies sometimes engage in.  However, here's a LINK to another post in the Community - after you open it - page down to the last post (by "jz") and open the attachment which is titled "quicken for mac merger example and request for enhancement.pdf".  This a step-by-step workaround that a Quicken user put together to help other Quicken Mac users to record such transactions.  I have not had the need to use it (I am a Q Windows user) but this appears to be an excellent set of instructions.

    Hope this helps.

    Frankx


                           Quicken H&B-Subscription - Windows 10 Home - Ver. 2004
                                             - - - - Quicken User since 1984 - - - 
      -  If you find this reply helpful, please click "Helpful" (below), so others will know! Thank you.  -
  • ANDREWTSUTPHIN
    ANDREWTSUTPHIN Member
    Accepted Answer
    Frankx,

    Thank you for your response, I am grateful.

    I used Quicken 2007 for Mac which had all the Corporate Action transaction features - it's too bad nearly 15 years later Quicken 2021 for Mac has lost all these terrific features.

    I went back and used Quicken 2007 for Mac to create a simulation - including the a merger where one receives cash in lieu of fractional shares.

    Quicken 2007 for Mac was the best program for Mac users. It's unfortunate that 64-bit encryption will technologically obsolesce it. Perhaps, Quicken's new owners will answer the challenge to incorporate Quicken 2007's features across all Quicken 2021 platforms.

    Thanks again!

    Sincerely,

    Andy

Answers

  • Frankx
    Frankx SuperUser ✭✭✭✭✭
    edited April 3 Accepted Answer
    Hi @ANDREWTSUTPHIN

    Unfortunately, Quicken Mac doesn't have the same features that Quicken Windows has for corporate mergers and other organizational transactions that companies sometimes engage in.  However, here's a LINK to another post in the Community - after you open it - page down to the last post (by "jz") and open the attachment which is titled "quicken for mac merger example and request for enhancement.pdf".  This a step-by-step workaround that a Quicken user put together to help other Quicken Mac users to record such transactions.  I have not had the need to use it (I am a Q Windows user) but this appears to be an excellent set of instructions.

    Hope this helps.

    Frankx


                           Quicken H&B-Subscription - Windows 10 Home - Ver. 2004
                                             - - - - Quicken User since 1984 - - - 
      -  If you find this reply helpful, please click "Helpful" (below), so others will know! Thank you.  -
  • ANDREWTSUTPHIN
    ANDREWTSUTPHIN Member
    Accepted Answer
    Frankx,

    Thank you for your response, I am grateful.

    I used Quicken 2007 for Mac which had all the Corporate Action transaction features - it's too bad nearly 15 years later Quicken 2021 for Mac has lost all these terrific features.

    I went back and used Quicken 2007 for Mac to create a simulation - including the a merger where one receives cash in lieu of fractional shares.

    Quicken 2007 for Mac was the best program for Mac users. It's unfortunate that 64-bit encryption will technologically obsolesce it. Perhaps, Quicken's new owners will answer the challenge to incorporate Quicken 2007's features across all Quicken 2021 platforms.

    Thanks again!

    Sincerely,

    Andy
  • Jerry Pagliari
    Jerry Pagliari Member ✭✭
    Frankx, can you post that link again, please. I could use it too!
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