How to record the split up of Lithium America(LAC)

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SSJ
SSJ Member ✭✭
edited November 2023 in Investing (Windows)

Hi, I have some Lithium America (LAC) stock. The Company has been split into two LAC and LAAC(Lithium Argentina). How to a update Quicken to record this and take into account the cost basis?

Quicken Classic, Windows

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  • Quicken Kristina
    Quicken Kristina Moderator mod
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    Hello @SSJ,

    To assist you, could you please provide more information? With this split up, are they converting old shares to new shares in both of those stocks? If so, then perhaps recording in Quicken as a Spin Off would work?

    If they're doing something different, could you please go into more detail about the split up, so I can better assist?

    Thank you!

    Quicken Kristina

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