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,
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
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
>
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
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
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