Does the spin off feature work?


S

Scott Tidyman

I'm trying to record a stock spin off using Quicken 2003 for Mac. There is a
Security Spin Off item in the Investment Actions window. It takes all of the
relevant information, but doesn't do anything with it except add the new
company to the Securities list. It doesn't create any transactions. Has
anyone used this feature successfully?

Thanks
Scott
 
Ad

Advertisements

S

Scott Tidyman

Though I didn't find out any more about the Security Spin Off feature, I did
finally find help on the Quicken support site. It documents a process to do
this manually using the Return of Capital action followed by a Buy action.

I found the article on Quicken's site by doing a search on Google! A search
on the Quicken site just returned an error.
 
Ad

Advertisements

T

Tom Healy

<< I'm trying to record a stock spin off using Quicken 2003 for Mac. There is a
Security Spin Off item in the Investment Actions window. It takes all of the
relevant information, but doesn't do anything with it except add the new
company to the Securities list. It doesn't create any transactions. Has
anyone used this feature successfully? >><BR><BR>

I never used it. What I do is to use the stock split to increase the original
company shares by the number of shares of the new company. Then I use Move
Shares to remove the original company shares, and a second Move Shares to add
the new company. this (approximately) adjusts the original company basis for
the spin-off, and I price the MS for the new company to actually reflect the
spinoff value. Another poster suggested RC instead of my first two; I think I
may use that approach in the future.


--
Thomas E Healy, CPA, PC
1650 38th St., Ste 202W
Boulder, CO 80301
Please send email to: (e-mail address removed), since I block all email at my
newsgroup address.
phone (303) 443-1804
fax (720) 489-3772
 

Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question

Similar Threads

Spin Off 1
Spin Offs 1
Spin Off 7
spin off 19
Stock Spin Off 1
Stock Spin-off 3
Spin-off shares 1
Verizon spin-off 2

Top