Recording Dividend In Kind
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Bernardo Sacchini
Member ✭✭
Hello,
Recently one security I own paid a dividend in kind, in particular, they are distributing among-ts shareholders the shares of wholly owned subsidiary.
Should I use the spin-off dialog box?
I would very much appreciate helpful insight in what is the best way to record this in Quicken.
Thanks!!
Recently one security I own paid a dividend in kind, in particular, they are distributing among-ts shareholders the shares of wholly owned subsidiary.
Should I use the spin-off dialog box?
I would very much appreciate helpful insight in what is the best way to record this in Quicken.
Thanks!!
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Best Answer
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For me, it would all depend on how they are going to report it at end of year. If it shows up as 1099-Div income,I would record it in Quicken as a Dividend and a buy. It is also possible they may construe it as a non-taxable 'dividend' in which case the Stock Spinoff would likely be more appropriate.
Identify the companies and I'll try to take a look at what they have said.6
Answers
-
For me, it would all depend on how they are going to report it at end of year. If it shows up as 1099-Div income,I would record it in Quicken as a Dividend and a buy. It is also possible they may construe it as a non-taxable 'dividend' in which case the Stock Spinoff would likely be more appropriate.
Identify the companies and I'll try to take a look at what they have said.6
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