Not an expert, but if you create a transaction that creates 48 TGS shares at the assumed value (against the cost basis of FGL), wouldn't that get you across the line?
The sale of FGL is secondary to this, except insofar as it helps define what 79.96% is. I'll note that this sale value most likely won't have much bearing on your original cost, and I don't know whether the cost basis of TGS is supposed to be 20.04% of your original cost, or the cost on the date of the action. That's why accountants get paid the big bucks! David T. On Jul 21, 2024, 12:29 PM, at 12:29 PM, "xboxboy.mageia+GnuCash" <xboxboy.mageia+gnuc...@gmail.com> wrote: >Hi all, > >got myself another messy one. A stock was bought out, and part of that >deal was it was broken into two companies just before. > >Rather than issue/reduce shares held, it's been done on a value basis. >Here's the basics: > >Company FGL split into Company FGL and Company TWS, cost basis of FGL >is >79.96%, and TWS is 20.04% > >Here's the office Australian Tax Office advice: >https://www.ato.gov.au/forms-and-instructions/foster-s-group-limited-demerger-2011/background > >At the time I had 143 FGL and gained 48 TWS shares. The FGL shares were > >sold for a total of $772.20 > >In my head I understand the concept: Entering it though... nope. > >TIA > > > >_______________________________________________ >gnucash-user mailing list >gnucash-user@gnucash.org >To update your subscription preferences or to unsubscribe: >https://lists.gnucash.org/mailman/listinfo/gnucash-user >----- >Please remember to CC this list on all your replies. >You can do this by using Reply-To-List or Reply-All. _______________________________________________ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
