Conversion of MLP to corporation

Raider61
Raider61 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.

Answers

  • NotACPA
    NotACPA 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
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  • Raider61
    Raider61 Quicken Windows Subscription Member ✭✭
    That would start a new holding date and make it necessary to treat the existing position as a sale.
  • q_lurker
    q_lurker 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.  
  • Raider61
    Raider61 Quicken Windows Subscription Member ✭✭
    In my specific case, it works to just characterize the transaction as a name change, which is what I did.
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