Free stocks
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Pymalovefarm
Quicken Windows Subscription Member
I get a couple free stocks from Stash each month. Like $.20 worth at a time. Do I just record these as stock purchases with the price paid as $0? Or is there a different way that I should be entering these transactions?
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Comments
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If when you sell them you will have a capital gain of the full value of the stocks, then yes you would record that as a Buy with a price of $0.00.
If there was cash in your account that they used to buy the stocks, then it would be a Buy for the amount of the cash.
Study your statement carefully or contact Stash to see how the cost basis of the "free" stocks is treated.QWin Premier subscription0 -
Really the key is whether Stash will include the value if the "free" stock in a 1099 sowing as income to you. If so, then you would use that as your cost basis. If not then your cost is 0 and you would have a full gain when you sell it.
Quicken Windows user since 1993.
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