Fixing basis after a spin-off

LouK
LouK Member
edited March 4 in Investments (Windows)
When a stock is spun off, the basis in quicken remains entirely with the original stock. I would be great if quicken correctly adjusted the basis in both the original and new spun off item.

Comments

  • q_lurker
    q_lurker SuperUser ✭✭✭✭✭
    If you give it proper direction (Corporate Spin-off), Quicken will do it correctly for a single lot holding, and close to correct for a multi-lot holding. Your information was lacking as to what you did, but your statement suggests you relied on the download from the brokerage. 
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