Hi, all I owned shares in company X which was bought out by company Y for cash and some shares of Y. Quicken only has an option for take-over in a stock-for-stock mode. What is the way to properly enter this event in Quicken ? Or can it be done at all ?
TIA
Hi, Oops.
Google for Company X and look on its website for a page called "Investor Relations" or something similar. You may need to look on Company Y, too, because X may now have disappeared. You should find a complete description of the transaction. Often, there even is a worksheet created by the companies' lawyers and accountants to help you record the event.
Then record what actually happened in the real world.
As often said here (by me), it's a two-step process:
Trying to do Step 2 before Step 1 is not the right way to go.
Often, it's easy to work out the transaction using pencil and paper but hard to figure out how to enter it in Quicken. :>(
RC
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