Reverse Split, with a Name Change
I've been slowly working all of my accounts into MD over the last month, and coming from a Quicken background it hasn't been as smooth as I would've hoped (i.e., reconciling nomenclature and procedure kicked my tail).
I want to track all of my investments into my Fidelity IRA starting from over a year ago, and one transaction is tripping my head up. A stock performed a reverse split AND a name change at the same time. I had 200 shares purchased in 2022 at $1.15/ea, and on April 3/4 of the same year the stock split 1:50, and changed its name. I sold this new name early in 2023 for a hefty loss, which should help my tax position.
Do I need to have one transaction selling the stock under the old name and another transaction buying it when a name change happens? Does the split happen before or after the name change in Moneydance? This is pretty confusing to me.
Ref: https://www.sec.gov/Archives/edgar/data/1892492/000149315223010845/form8-k.htm
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1 Posted by dwg on 06 Oct, 2023 09:04 PM
For the name change I would tend to just edit the security and change its name, if desired you could put an entry in the register to indicate when this happened. Doing it this way the order is immaterial.
kennettfinance closed this discussion on 07 Oct, 2023 10:36 PM.
kennettfinance re-opened this discussion on 10 Oct, 2023 10:49 AM
System closed this discussion on 05 Jan, 2024 09:10 PM.