Re: Stock Spin-Out

2018-02-21 Thread Les
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,

Re: Stock Spin-Out

2018-02-21 Thread nvsoar
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

Re: Stock Spin-Out

2018-02-21 Thread Tommy Trussell
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 >

Re: Stock Spin-Out

2018-02-20 Thread nvsoar
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

Re: Stock Spin-Out

2018-02-20 Thread Les
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

Re: Stock Spin-Out

2018-02-20 Thread Les
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

Re: Stock Spin-Out

2018-02-19 Thread nvsoar
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