The Exchange of Stocks

Craig Weightman's Avatar

Craig Weightman

20 Apr, 2016 02:48 PM

Stocks are sometimes exchanged - i.e. your old stock is swapped for another stock with a different name and different number of shares (type of stock changes, companies bought out, etc). I have not been able to find how Moneydance handles this type of transaction. I do not want to lose my history with the old stock and I do not want any Capital Gains to be recorded.

What is the technique used to handle this transaction?

  1. 1 Posted by dwg on 20 Apr, 2016 09:32 PM

    dwg's Avatar

    I'm afraid that a Stock-for-Stock transaction type is another missing feature from Moneydance. As you have indicated it is often used with mergers and take-overs, for what it is worth it is also used for stock conversions (e.g. preference to ordinary shares)

    I'm afraid that using sell and buy transactions is the only option in MD but as you said it loses all history. To stop capital gains reporting you would have to sell at the original purchase price and buy after manually doing the calculations for a different number of shares using the original total buy price.

    Yes very messy and not really satisfactory..

  2. System closed this discussion on 30 Jul, 2016 03:52 AM.

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