[GNC] Stock Merger

[Geoff]

Hi Christopher

FYI I have used multi-split transactions for this and similar scenarios 
in the past and the Advanced Portfolio Report seems to take it all in 
its stride.

Regards

Geoff
=====

On 19/02/2022 4:59 pm, Christopher Lam wrote:
> Although the UI allows 1 transaction with splits in >1 stock, I believe
> that there's zero likelihood that portfolio reports are written to handle
> them. Therefore I would recommend that a stock merger is recorded as two
> separate transactions -- (1) original stock sale as cash into the broker
> account, recording capital gains in the process. (2) using the cash to
> purchase new stock. This is very likely the cleanest record of a stock
> merger. There's an upcoming stock-transaction assistant being worked on
> which will assist creating stock transactions, and will *not* be able to
> handle a stock merge in 1 step.
> 
> On Sat, 19 Feb 2022 at 04:16, Al <vanilla.sources at gmail.com> wrote:
> 
>> Geoff wrote:
>>> Hi Al
>>>
>>> We need to tweak your transactions to fix the cost basis on the Advanced
>>> Portfolio Report.
>>>
>>> Also from a tax accounting perspective, there are two ways to treat this
>>> merger, depending whether it realised a capital gains event or not. I'll
>>> cover both scenarios from a GnuCash perspective, but please note that I
>>> am not an accountant.
>>
>> Many thanks Geoff, the information that you provided will be quite helpful.
>>
>> I'm waiting a bit on tweaking the transaction until I find out the
>> capitol gain status, although I am fairly sure that there is no capitol
>> gain other than the .72 fractional share amount. I'd just like to see
>> that in writing before committing the transaction.
>>
>> Al
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