International Paper Spins off Sylvamo.
International Paper has just spun off Sylvamo Corp. Can someone tell me what transactions to enter in Quicken for Windows to reflect this new company and its shares? My brokerage is no longer uploading the proper transactions as they used to. Historically, it seems to be multiple transactions, including Return of Capital for IP and then a simple “Bought” for SLVM. There is also cash in lieu of fractional shares. Does the spinoff affect the basis cost for IP. Is that true? How do I capture that?