[GNC] Stock spinoff

Fred Tydeman tydeman.fred at gmail.com
Sun Dec 4 20:29:09 EST 2022


The company says that they will post an IRS Form 8937 later this week with
the information.

On Sat, Dec 3, 2022 at 6:48 PM Geoff <cleanoutmyshed at gmail.com> wrote:

> Hi Fred
>
> First up you need more details on this transaction to determine the
> exact nature of the spin-off, the valuations, and whether ABC treated it
> as a dividend, capital reduction, or combination of both.  Was there a
> cash payment as well?  Any fractional shares involved?  Were capital
> gains/losses crystallised or carried forward?
>
> ABC should have sent you information about this, otherwise Google it.
>
> You may find this article helpful:-
> https://www.henssler.com/spin-offs/
>
> Once you have all the details, we can suggest how to record it in GnuCash.
>
>
> Regards
>
> Geoff
> =====
>
> On 4/12/2022 11:15 am, Fred Tydeman wrote:
> > In looking at the Help file within GnuCash, I found a section on Splits
> and
> > Mergers.  After reading that section, I still do not know how to enter a
> > Spinoff.  That it, I have 25 shares of ABC stock.  They did some kind of
> > spin off and gave me 1 share of XYZ stock.  I still have 25 shares of
> ABC.
> > How do I record this?
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