GeoffG said: You can use Add Shares for the spinoff of WBD. The share amount was 0.24:1 @ $24.47/share.
q_lurker said: I generally encourage users to wait for info from the brokers and for the Form 8937 before jumping in too far. The Form 8937 could be a few days away or up to 6 weeks. Patience is a virtue.
Paperclip13 said: Thanks for the advice, however, I cannot find the Corporate Spinoff function. Where do I look, it is not in the list of transactions?
Mrtanman said: When will Quicken add / download/ update the WBD shares to all of my accounts ( Schwab/ Amertrade/Ally )-- 3 different Brokerage houses ALL show my WBD shares at their sites -- but still NOTHING on Quicken
q_lurker said: A straight Add Shares will not reduce the basis of your AT&T (T) holding. You can account for that with Remove shares of T and a set of Add Shares for each lot of T held at time of spinoff.
A straight Add Shares will not reduce the basis of your AT&T (T) holding. You can account for that with Remove shares of T and a set of Add Shares for each lot of T held at time of spinoff.
GeoffG said: q_lurker said: A straight Add Shares will not reduce the basis of your AT&T (T) holding. You can account for that with Remove shares of T and a set of Add Shares for each lot of T held at time of spinoff. There is no reduction to AT&T shares..."Under terms of the agreement, which was structured as a Reverse Morris Trust transaction, at close AT&T received $40.4 billion in cash and WarnerMedia’s retention of certain debt. Additionally, shareholders of AT&T received 0.241917 shares of WBD for each share of AT&T common stock they held at close. As a result, AT&T shareholders received 1.7 billion shares of WBD, representing 71% of WBD shares on a fully diluted basis. Discovery’s existing shareholders own the remainder of the new company. In addition to their new shares of WBD common stock, AT&T shareholders continue to hold the same number of shares of AT&T common stock they held immediately prior to close."Quicken.com
Megapixels18 said: Thank you! In the meantime, I had created a temporary Quicken backup file to help me figure out which date’s prices — 4/8/22 or 4/11/22 — were used, and also whether it was the closing prices for those dates or the averages of the high and low prices (for each security) for those dates. So, it turned out that the closing prices for each on 4/11/2022 — $19.63 for AT&T and $24.78 for WBD — result in a very close, almost-match, to my brokerage firm’s cost numbers for the total for each position. Oddly, they’re off by literally only a couple of cents in 2 of my accounts — taxable brokerage and T-IRA. But somewhat more off in my Roth IRA (still, by less than a dollar). I’ll accept that!
