I had some shares of company A that was acquired by company B. My shares in company A were converted to a small number of shares in company B, plus a pile of dollars. This transaction is tax-free.
What is the best way to account for this in Quicken 2016 Premiere?
Cash received is Return of Capitol for A.
Remove shares A and add shares B at remaining cost of removed A.
OR, a simple Corporate Acquisition (if that action is available in Premier).
Whether the cash is a Div, or an ROC depends upon the particular merger transaction. Check with the company's webpage (or your Broker) to determine.
He said non-taxable so it must be ROC
Thank you Dan and Zaidy. In case anyone else cares, selecting "Corporate Acquisition" merely creates a pair of transactions: an "Add Shares" and a "Remove Shares." So your two suggestions are equivalent.
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