Stock split with cash in lieu
I have the same stock in two accounts. It split and the company refunded money for the fractional shares. As a result, the split ratio is different between the two accounts. This did not cause a problem in Quicken 2007 but I do not see how to handle it in Moneydance.
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1 Posted by Tom Freeman on Sep 12, 2011 @ 04:43 PM
David,
To clean this up you should be able to do a sell transaction on the day of the split for the fractional shares setting the price at the cash refunded by the company. this should keep the cost basis correct for the full shares and record the gain on the fractional shares.
Tom
2 Posted by paleolith on Sep 13, 2011 @ 08:39 PM
What Tom says really is the way it worked. I assume the stock split 4-for-3 or something like that. You had (for example) 100 shares, the split gave you 133 and 1/3, and the company bought the 1/3 share from you. They probably think that confuses people and oversimplify it, but that's what happened.
Edward
System closed this discussion on Mar 31, 2015 @ 03:36 PM.