Waters added to Account?

Hello @AMP,

Thank you for reaching out! If this is a corporate spinoff, I'd expect these steps from our article on documenting a corporate spinoff should work:

Use the Corporate Securities Spin-off dialog to record these changes in Quicken when spin-off is determined as nontaxable by the parent company.

1. Open the account you want to use.
2. Click Enter Transactions.
3. In the Enter Transaction list, select Corporate Securities Spin-off.
4. Use this dialog to change the security name and price information when a corporation spins off another corporation or entity and when spin-off is determined as nontaxable by the parent company. Click a link below for more information.
   • Security Name Enter the name of the security as it is currently identified in your Quicken transaction list.
   • New Company Enter the name of the new corporation or entity that will receive the spin-off shares.
   • New shares issued Enter the ratio, not a number of shares. For example, if you own 150 shares of the original company and the spin-off ratio is .65 new shares for each old share, you would enter .65 (the ratio), rather than 97.5 (the total number of shares you received).
   • Cost per old share Enter the fair market value (sometimes called tax basis allocation) per share of your original security, on the date of the spin-off. If you do not have the information, it should be available from the parent company or from news articles on the day of the spin-off.
   • Cost per new share Enter the fair market value (sometimes called tax basis allocation) per share of the new security (the one that was spun off), on the date of the spin-off. If you do not have the information, it should be available from the parent company or from news articles on the day of the spin-off.
   • Memo For example, "Nontaxable spin-off on (date)".
5. Click Enter/New to enter another transaction, or Enter/Done to finish.

Notes

1. To record taxable corporate spin-off of new securities, enter the following transactions:
   • MiscInc "security name" "Amount"=Taxable distribution Amt, usually the value of shares spun off
   • Added "new security name" "number of shares" Basis=same amount as in previous transaction
2. Quicken enters a Remove Shares transaction for all shares of the parent company and a pair of transactions for each open lot of the parent company— an Add Shares transaction for the parent company and an Add Shares transaction for the spin-off company, recorded with the same date as the spin-off date.

I hope this helps!