recording new stocks issued for free

[Mike Alexander]

On 6 Apr 2015, at 2:56, Chris Henderson wrote:

> I'm a stock holder of a company. They have now created a new company 
> and
> given me stocks in the new company for free.
>
> How do I record this in gnc? I didn't pay anything for these new 
> stocks.

That depends on the tax implications of the transaction.  What's the 
basis of the new stock?  Is this transaction taxable where you live?  If 
so, how?  This is not really a GnuCash question, it's an accounting and 
tax question.

             Mike