Conversion of MLP to corporation

Quicken Windows Subscription Member ✭✭
edited February 2022 in Registers & Transactions (Windows)
I have an investment in an MLP which recently converted to a public corporation and I don't see one of the investment options that will permit me to record it.

Welcome!

It looks like you're new here. Sign in or register to get started.
Sign In
Register

Answers

  • Quicken Windows Subscription SuperUser ✭✭✭✭✭
    How about using the "Corporate Acquisition" action?

    Q user since February, 1990. DOS Version 4
    Now running Quicken Windows Subscription, Business & Personal
    Retired "Certified Information Systems Auditor" & Bank Audit VP

  • Quicken Windows Subscription Member ✭✭
    That would start a new holding date and make it necessary to treat the existing position as a sale.
  • Quicken Windows Subscription SuperUser ✭✭✭✭✭
    Raider61 said:
    That would start a new holding date and make it necessary to treat the existing position as a sale.
    Not true.  The Corporate Acquisition process carries the original holding date over to the new holding.  It assumes the acquisition or conversion is a tax-free exchange.  
  • Quicken Windows Subscription Member ✭✭
    In my specific case, it works to just characterize the transaction as a name change, which is what I did.
This discussion has been closed.

Welcome!

It looks like you're new here. Sign in or register to get started.
Sign In
Register

Quick Links

Categories