How to enter Reverse stock split - GE 1:8 with resulting fractional shares.
euripides
Member ✭✭
Handle a reverse stock split
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Best Answer
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Hi @euripides,
I guess you are referring to the GE transaction. Below is how to enter that in Quicken.
Let me know if you have any followups.
Frankx
Quicken Home, Business & Rental Property - Windows 10-Home Version
- - - - Quicken User since 1984 - - -
- If you find this reply helpful, please click "Helpful" (below), so others will know! Thank you. -2
Answers
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Hi @euripides,
I guess you are referring to the GE transaction. Below is how to enter that in Quicken.
Let me know if you have any followups.
Frankx
Quicken Home, Business & Rental Property - Windows 10-Home Version
- - - - Quicken User since 1984 - - -
- If you find this reply helpful, please click "Helpful" (below), so others will know! Thank you. -2 -
The ever-changing mysterious pulldown list!
Thanks! 0 -
I entered the reverse stock split just fine...but the final number of shares is not correct.
I received "cash in lieu" for the fractional shares. is there a best practice on how to record the "cash in lieu" and update the number of shares?0 -
You should sell the partial share to produce the Cash in Lieu.QWin Premier subscription0
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To expand on Jim's answer, the "best practice" is to fully execute the stock split as a Quicken transaction. In this case as a reverse split, if you started with 20 shares, the 1-for-8 split would produce 2.5 shares. You then sell the fractional share (0.5 in my example) for the cash-in-lieu amount received. That "best practice" applies for any such split - regular or reverse - where fractional shares might be generated.TigerJoe said:I entered the reverse stock split just fine...but the final number of shares is not correct.
I received "cash in lieu" for the fractional shares. is there a best practice on how to record the "cash in lieu" and update the number of shares?
Do NOT rely on brokerage downloads which may only report the full shares received.2
