My answer, which I've been doing for a while, is to go the the
originating company and have the cost taken out of there and use that as
a buy cost of the spin-off.
For example Berry just recently spun off Magnera. so the cost basis, as
reported by your brokerage, for Magerna I handle as coming out of Berry
and then being used in a "buy" of Magnera. This handles the cost as a
return of capital from Berry. The only complication, if any, is cash in
Lieu for fractional shares of the spun-off company. This I finessed as a
dividend from Magnera. This gets it
e.g. 34 shares Magnera was spun off with a cost basis of $400.00, so
$400.00 was put as coming from Berry.
I hope this is clear.
Ron B.
On 12/13/24 19:24, Alan Taylor wrote:
Hello,
I have searched the archive with no real resolution. I have several fairly
simple stock splits to handle. I have done lots of reading and I think I
understand the principles, but still don’t have a solid best practice for
applying it in GnuCash.
So for a simple (e.g.) 1 for 10 split, no cash involved, does anyone have any
suggestions ?
Best Regards, Alan
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