Thanks Tommy for your input.
There was not any information on either the spun-out company or the
company that did the spin-out. (both companies are Canadian stocks.)
I have sent email to both companies to determine my basis.
On 02/21/2018 11:59 AM, Tommy Trussell wrote:
On Tue, Feb 20, 2018
On 02/21/18 10:41, Les wrote:
Thanks Tommy for your input.
There was not any information on either the spun-out company or the
company that did the spin-out. (both companies are Canadian stocks.)
I have sent email to both companies to determine my basis.
On 02/21/2018 11:59 AM, Tommy Trusse
On Tue, Feb 20, 2018 at 10:02 PM, nvsoar wrote:
>
> Comment: It seems to me that a zero cost for the spun off shares is
> incorrect if a non-zero basis exists for the pre-spin off shares. A zero
> cost for the new shares will result in a higher than necessary capital gain
> when those shares are
On 02/20/18 11:35, Les wrote:
There is a stock-split function in GC. However it doesn't appear to
do spin-outs. In my case, the company doing the spin-out is doing a 5
to 1 and there are no fractional shares. I just assigned the cost at
0.00 per share.
Les
On 02/20/2018 01:27 PM, David Ca
There is a stock-split function in GC. However it doesn't appear to do
spin-outs. In my case, the company doing the spin-out is doing a 5 to 1
and there are no fractional shares. I just assigned the cost at 0.00 per
share.
Les
On 02/20/2018 01:27 PM, David Carlson wrote:
Les,
Usually a s
Les,
Usually a stock spin-off splits the before spin-off cost basis between the
after spin-off stocks according to documents provided by the parent
corporation to the SEC and shareholders which also explain how details such
as fractional shares and various expenses are to be treated.
The workshee
Thanks for both replies. I used a zero price and the number of shares
with a description. (John's procedure) But I was not sure if the
procedure I used was correct (best).
Regards,
Les
On 02/19/2018 05:47 PM, nvsoar wrote:
On 02/19/18 15:25, John Coppock wrote:
This is what I have been
On 02/19/18 15:25, John Coppock wrote:
This is what I have been doing. I am new to Gnu Cash.
I'm using Gnu Cash v.2.6.17 on Windows 10 in US dollars.
In 'Tools/Security Editor', create the new spin-off security.
In your brokerage account, create a new sub-account for the new
spin-off securit
This is what I have been doing. I am new to Gnu Cash.
I'm using Gnu Cash v.2.6.17 on Windows 10 in US dollars.
In 'Tools/Security Editor', create the new spin-off security.
In your brokerage account, create a new sub-account for the new spin-off
security. Its Account Type will be stock (do th
I recently had a stock that owned a significant part of a rather new
company and decided to spin it out at a 5 to 1 rate. Can someone please
explain how to do this in GC?
Thanks,
Les
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