Hi Christopher
FYI I have used multi-split transactions for this and similar scenarios
in the past and the Advanced Portfolio Report seems to take it all in
its stride.
Regards
Geoff
=
On 19/02/2022 4:59 pm, Christopher Lam wrote:
Although the UI allows 1 transaction with splits in >1
Al, FYI, pp263-264 of this merger document indicate that it is a
"reorganisation" and not a capital gains event.
https://www.sec.gov/Archives/edgar/data/2488/000119312521071625/d83168d424b3.htm#rom83168_22
However it also states:
"ALL HOLDERS OF XILINX COMMON STOCK SHOULD CONSULT THEIR TAX
Although the UI allows 1 transaction with splits in >1 stock, I believe
that there's zero likelihood that portfolio reports are written to handle
them. Therefore I would recommend that a stock merger is recorded as two
separate transactions -- (1) original stock sale as cash into the broker
Geoff wrote:
Hi Al
We need to tweak your transactions to fix the cost basis on the Advanced
Portfolio Report.
Also from a tax accounting perspective, there are two ways to treat this
merger, depending whether it realised a capital gains event or not. I'll
cover both scenarios from a
David Carlson wrote:
You are very close! Yes, you do need to create a new security and
security account under your broker account for AMD first. Then you
could re enter or possibly just edit your split transaction to output in
AMD instead of XLNX.
Thanks David. I ended up editing the
You are very close! Yes, you do need to create a new security and security
account under your broker account for AMD first. Then you could re enter
or possibly just edit your split transaction to output in AMD instead of
XLNX.
On Wed, Feb 16, 2022 at 10:31 PM Al wrote:
> I'm having trouble
I'm having trouble getting my head around setting up a stock merger. The
merger in question is the recent Xilinx AMD merger.
Pre-merger I held 800 shares of XLNX. After the merger I have received
1.7234 shares of AMD for each XLNX share (1378.72 shares). I received
$85.65 "Cash in Lieu" for
