Cash in Lieu of Shares

lou_garfinkle
lou_garfinkle Member ✭✭
edited May 2022 in Investing (Mac)
On April 11, my broker added 38 shares of Warner Discovery stock. On April 18, there was a deposit of 16.78 into cash part of my IRA involving the 38 shares. How would I categorize that last transaction?
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Answers

  • NotACPA
    NotACPA SuperUser ✭✭✭✭✭
    How did your broker describe these actions in their download to Q?
    If it's simply "Added" I'd call the  brokerage and get more info from them.
    Q user since DOS version 5
    Now running Quicken Windows Subscription, Home & Business
    Retired "Certified Information Systems Auditor" & Bank Audit VP
  • Jon
    Jon SuperUser, Mac Beta Beta
    edited April 2022
    I'm assuming this was left over cash from the sale of Warner to Discovery, since it wasn't enough to purchase another share of WBD and WBD did not issue fractional shares. I've never had that happen before, but I'd probably categorize it as "Return of Capital".

    Quicken Mac subscription. Quicken user since 1990.

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