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How do I record a corporate spin-off of new securities?


  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
    • New Company
    • New shares issued
    • Cost per old share
    • Cost per new share
    • Memo
  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.

Watch for these related changes:

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