How should "In Lieu of FRX" be entered
How should "In Lieu of FRX" be entered
Best Answers
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More context needed.
It is possible this is cash received in lieu of fractional shares. Did some security you own recently split or spin off a subsidiary or similar?
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I enter these as Sell transactions. You are basically selling the fractional share and getting cash for it and the brokerage considers it a separate transaction from the one involving the whole shares.
Quicken user since version 2 for DOS, now using QWin Premier (US) on Win10 Pro.
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Answers
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More context needed.
It is possible this is cash received in lieu of fractional shares. Did some security you own recently split or spin off a subsidiary or similar?
0 -
I enter these as Sell transactions. You are basically selling the fractional share and getting cash for it and the brokerage considers it a separate transaction from the one involving the whole shares.
Quicken user since version 2 for DOS, now using QWin Premier (US) on Win10 Pro.
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The stock was sold. I don't know why the fractional shares accumulated. The answer from Rocket J Squiller seems like a good solution. Thank you both for the quick reply. Both replies are very much appreciated.
Thank You
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Love RJS's new name
Q user since February, 1990. DOS Version 4
Now running Quicken Windows Subscription, Business & Personal
Retired "Certified Information Systems Auditor" & Bank Audit VP2
