The ATT family sites have basis calculators through the mergers and splits if
you know the date of acquisition, but I lack that! Essentially, ti will be
mostly gain!
On Thursday, February 12, 2026 at 09:26:11 PM EST, David T.
<[email protected]> wrote:
David,
Spinoffs can be confusing. The way I've decided to handle them is to do two
transactions. The first exchanges 40 CMCSA for 6.2 VSNT. The second sells .2
VSNT for $6.70. Gains get handled in the normal way for each transaction. I've
tried the all in one method, but find the display in GnuCash too confusing.
Having one transaction that says "CMCSA spinoff to VSNT 7:1" and a second one
that says "Sale of fractional VSNT" is easier for me to follow later on.
As for basis, either speak to the broker and ask for either a basis or a
purchase date. With the latter, you'd have to ultimately track through the
ticker history for any basis-changing events (splits, capital returns, etc.)
prior to your GnuCash books.
According to a web search, NetBasis is a major service that calculates cost
basis from a simple date/shares purchased form. It costs $35 per report,
though--although you could potentially enter all your holdings and get a single
report with all for cost basis calculations.
HTH,
David T.
On February 13, 2026 3:15:10 AM GMT+05:30, "David G. Pickett via gnucash-user"
<[email protected]> wrote:
GNUCash seems to lack tools to allow me to deal with our 40 CMCSA spinning off
6.2 VSNT, never mind how to handle the $6.70 from the .2 VSNT. I might be in
trouble because I started the CMCSA with opening balance, not a historical buy.
The basis is deep buried in family and ATT history, derived off a stock option
of the wife's first husband, also a David! They have web sites for that sort
of thing, but I have no record of his stock receipt! Sometimes I use his death
date, when title shifted to his wife, but I am sure that is not a legal fudge.
I suspect the difficulty establishing a basis compounds the problems of showing
the spinoff. I look forward to having to report capital gains on .2 shares
$6.70 ! Is there a basis editor hiding in there somewhere? Maybe I can get
the broker to do $6.70 in fractional shares! One tutoring student made me
aware that Robinhood has people trading in tiny fractional shares, like 6
places! She wants to keep the shares, as before he died, he said "Never sell,
this is good stuff!" I suppose it is another curse on her estate and executor,
who might be me!gnucash-user mailing list
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