Having a hard time wiping that smile off my face.
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The following is an example of accounting for Stock Spinoff, as provided by a Moneydance customer and contributor to the support forum.
This example is accounting for spinoff of AOL from Time Warner - with the Cash in Lieu of sale from Dec 2009.
This same method should work for any stock split.
First, determine the original acquisition date. Then calculate the correct adjusted cost basis using p...
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