[GNC] How to record a stock spinoff?
David G. Pickett
dgpickett at aol.com
Thu Feb 12 16:45:10 EST 2026
GNUCash seems to lack tools to allow me to deal with our 40 CMCSA spinning off 6.2 VSNT, never mind how to handle the $6.70 from the .2 VSNT. I might be in trouble because I started the CMCSA with opening balance, not a historical buy. The basis is deep buried in family and ATT history, derived off a stock option of the wife's first husband, also a David! They have web sites for that sort of thing, but I have no record of his stock receipt! Sometimes I use his death date, when title shifted to his wife, but I am sure that is not a legal fudge. I suspect the difficulty establishing a basis compounds the problems of showing the spinoff. I look forward to having to report capital gains on .2 shares $6.70 ! Is there a basis editor hiding in there somewhere? Maybe I can get the broker to do $6.70 in fractional shares! One tutoring student made me aware that Robinhood has people trading in tiny fractional shares, like 6 places! She wants to keep the shares, as before he died, he said "Never sell, this is good stuff!" I suppose it is another curse on her estate and executor, who might be me!
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