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How make adjustments per lot for Company Spin Off

tim.rohrer1

Let me start by posting what I asked a Quicken Support Agent:

From what I understand, I need to adjust each of the 18 lots I have of Unilever to reduce the cost basis. Because Quicken Mac doesn't have the same tools as Quicken Windows (10 years later), I'm led to believe these adjustments need to be done manually, but I don't see any action that does this.

How do I accomplish this?

Thank you.

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Quicken Mac

Comments

Quicken Kristina

Hello @tim.rohrer1,

Thank you for reaching out, though I'm sorry to hear that Quicken Support was not helpful. Currently, Quicken for Mac does not have a built in function for corporate spinoffs. We do have an Idea post requesting that functionality be added:

https://community.quicken.com/discussion/7855454/support-corporate-acquisitions-mergers-and-divestitures-spin-offs-in-quicken-mac-4-merged-votes

If you haven't already done so, I recommend adding your vote and a comment!

In the meantime, this is the work around I've seen shared by other users:

https://community.quicken.com/discussion/comment/20374051#Comment_20374051

I hope this helps!

tim.rohrer1

Thank you for the reply.

If I'm reading @cdalmeida's approach correctly, that would be a single set of transactions on the date of trading post demerger? This would not then accurately report cost basis on a lot-by-lot basis?

Quicken Kristina

Thank you for your reply,

They didn't specify if they were dealing with multiple lots or just one. Since there isn't any lot selection for return of capital, if you need to account for more than one cost basis, you may need to do a separate set of transactions to account for each different cost basis.

Thank you!