Spinoff shares

Options
craigtb
craigtb Member
edited May 2023 in Investing (Windows)

When a stock spins off a new company, how do I enter the shares received?

Comments

  • splasher
    splasher SuperUser ✭✭✭✭✭
    edited April 2023
    Options

    You don't, use the "Corporate Securities Spin-off" transaction in that account.

    It will ask for the old security's name, the new company (so don't create it ahead of time), new shares per old share, cost per old share and cost per new share.

    It will then do all the appropriate calculations for each lot. In the end you will probably need to sell off the fractional share of new stock for the extra cash you received.

    -splasher using Q continuously since 1996
    - Subscription Quicken - Win11 and QW2013 - Win11
    -Questions? Check out the Quicken Windows FAQ list

  • mshiggins
    mshiggins SuperUser ✭✭✭✭✭
    Options

    @craigtb if you provide the names of the companies involved in the spinoff, you'll get more detailed and specific instructions on how to enter the actions in Quicken.

    Quicken user since Q1999. Currently using QW2017.
    Questions? Check out the Quicken Windows FAQ list

This discussion has been closed.