Recording Question on Nordstrom Stock

ssammwa

How do I record Nordstrom stock going private?

[Deleted User]

@ssammwa from what I understand Common shareholders will receive $24.25 in cash per share.

1. Record the Sale of Shares

• Go to your investment account where Nordstrom stock is held.
• Enter a Sell transaction for all your JWN shares.
• Use the sale price of $24.25 per share, which was the buyout amount.
• This will remove the shares and record the cash proceeds.

2. Account for Capital Gains or Losses

• Quicken will automatically calculate the gain/loss based on your original purchase price.
• Review the Capital Gains report to ensure it reflects the correct tax implications.

ssammwa

Thank you.