Hi Fred
First up you need more details on this transaction to determine the
exact nature of the spin-off, the valuations, and whether ABC treated it
as a dividend, capital reduction, or combination of both. Was there a
cash payment as well? Any fractional shares involved? Were capital
gains/losses crystallised or carried forward?
ABC should have sent you information about this, otherwise Google it.
You may find this article helpful:-
https://www.henssler.com/spin-offs/
Once you have all the details, we can suggest how to record it in GnuCash.
Regards
Geoff
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On 4/12/2022 11:15 am, Fred Tydeman wrote:
In looking at the Help file within GnuCash, I found a section on Splits and
Mergers. After reading that section, I still do not know how to enter a
Spinoff. That it, I have 25 shares of ABC stock. They did some kind of
spin off and gave me 1 share of XYZ stock. I still have 25 shares of ABC.
How do I record this?
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