How to enter Reverse stock split - GE 1:8 with resulting fractional shares.

euripides
Member ✭✭
Handle a reverse stock split
0
Best Answer
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Hi @euripides,
I guess you are referring to the GE transaction. Below is how to enter that in Quicken.
Let me know if you have any followups.
Frankx
Quicken Home, Business & Rental Property - Windows 10-Home Version
- - - - Quicken User since 1984 - - -
- If you find this reply helpful, please click "Helpful" (below), so others will know! Thank you. -2
Answers
-
Hi @euripides,
I guess you are referring to the GE transaction. Below is how to enter that in Quicken.
Let me know if you have any followups.
Frankx
Quicken Home, Business & Rental Property - Windows 10-Home Version
- - - - Quicken User since 1984 - - -
- If you find this reply helpful, please click "Helpful" (below), so others will know! Thank you. -2 -
The ever-changing mysterious pulldown list!
Thanks!
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I entered the reverse stock split just fine...but the final number of shares is not correct.
I received "cash in lieu" for the fractional shares. is there a best practice on how to record the "cash in lieu" and update the number of shares?0 -
You should sell the partial share to produce the Cash in Lieu.QWin Premier subscription0
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TigerJoe said:I entered the reverse stock split just fine...but the final number of shares is not correct.
I received "cash in lieu" for the fractional shares. is there a best practice on how to record the "cash in lieu" and update the number of shares?
Do NOT rely on brokerage downloads which may only report the full shares received.2
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