[GNC] Handling Stock Spinoffs

[Alan Taylor]

Thank you, I’ll give that a shot …

Alan

> On 14 Dec 2024, at 09:03, Dr. Gideon Fell <drgfell at gmail.com> wrote:
> 
> My answer, which I've been doing for a while, is to go the the originating company and have the cost taken out of there and use that as a buy cost of the spin-off.
>    For example Berry just recently spun off Magnera. so the cost basis, as reported by your brokerage, for Magerna I handle as coming out of Berry and then being used in a "buy" of Magnera. This handles the cost as a return of capital from Berry. The only complication, if any, is cash in Lieu for fractional shares of the spun-off company. This I finessed as a dividend from Magnera. This gets it
>    e.g. 34 shares Magnera was spun off with a cost basis of $400.00, so $400.00 was put as coming from Berry.
> 
>    I hope this is clear.
> 
> Ron B.
> 
> 
>> On 12/13/24 19:24, Alan Taylor wrote:
>> Hello,
>> I have searched the archive with no real resolution. I have several fairly simple stock splits to handle. I have done lots of reading and I think I understand the principles, but still don’t have a solid best practice for applying it in GnuCash.
>> So for a simple (e.g.) 1 for 10 split, no cash involved, does anyone have any suggestions ?
>> Best Regards, Alan
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> 
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