Recording a corporate spin off

Bill Guion

Quicken for Mac.
How do I record a corporate spin off? Company A, cost basis A1, spins off shares of Company B, cost basis B1. End result should be a reduction in cost basis of A1 by B1 and new shares of B. How is this recorded in Quicken?

Quicken Jared

Bill Guion said:

Quicken for Mac.
How do I record a corporate spin off? Company A, cost basis A1, spins off shares of Company B, cost basis B1. End result should be a reduction in cost basis of A1 by B1 and new shares of B. How is this recorded in Quicken?

Hello @Bill Guion,    

I am sorry for any confusion you may have experienced, and I am thankful for your contribution to further  discussion of this topic. 

Unfortunately, such a feature does not currently exist for Quicken Mac. Nonetheless, desired functionality can always be brought before the Quicken Community in the form of idea threads, wherein users can vote on suggestions and voice their support for new features for our development team to consider.

It appears that there is already a thread where this feature has been mentioned, and I will link it here:

https://community.quicken.com/discussion/7855454/support-corporate-acquisitions-mergers-and-divestitures-spin-offs-in-quicken-mac-4-merged-votes

Feel free to reach us out and let us know if you have any further questions or concerns.

Respectfully,

Quicken Jared 

Bill Guion

Jared,
Thank you for the reference. Thanks to you I understand the situation and am trying to understand the work around. You are appreciated.