Stock Spin-Out

[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 stock spin-off splits the before spin-off cost basis between 
> the after spin-off stocks according to documents provided by the 
> parent corporation to the SEC and shareholders which also explain how 
> details such as fractional shares and various expenses are to be treated.
>
> The worksheet that nvsoar provided the link to helps with calculating 
> details.
>
> I thought that there was also a stock split assistant built into 
> GnuCash to construct the transactions. Check the help or tutorial 
> manual s for that.
>
> David C
>
>
>
>
> On Feb 20, 2018 9:57 AM, "Les" <lelliott5 at gmail.com 
> <mailto:lelliott5 at gmail.com>> wrote:
>
>     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 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 security. Its Account Type will be stock
>             (do this first), currency will be shares of the security
>             you just created. If you don't see it show up after you
>             created it, go to 'View/Filter by/Other' to show accounts
>             with zero totals,
>
>             In the new sub-account (tab between fields), enter the
>             date of the spin-off, a description, on the next line
>             choose 'Buy' for 'Action', enter the shares received in
>             'Shares', delete the value in 'Price', enter the basis of
>             the shares received in 'Buy', on the next line enter the
>             name of the parent Stock account, enter 0 for 'Shares',
>             delete the value in 'Price', verify the value in 'Buy' is
>             the same as the basis entered before, hit enter and you're
>             done.
>
>             I've found this seems to handle the basis change for both
>             stocks.
>
>
>
>             On 2/19/2018 1:37 PM, Les wrote:
>
>                 I recently had a stock that owned a significant part
>                 of a rather new company and decided to spin it out at
>                 a 5 to 1 rate.  Can someone please explain how to do
>                 this in GC?
>
>                 Thanks,
>
>
>                 Les
>
>         FWIW - Here is a resource for dealing with spin-off basis
>         transactions -
>         http://www.costbasistools.com/spinoff/calculator.php
>         <http://www.costbasistools.com/spinoff/calculator.php>
>         nvsoar
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