- posted 1 year ago
GE recently did a taxable spin-off of Wabtec stock. How should this be entered in Qkn 2019? The Help message says to (1) enter a MISC INC transaction from GE, with the amount being the value of the spun-off shares, followed by (2) an ADDED transaction for the new shares in Wabtec. However, in doing this, the miscellaneous income stays in the cash balance of the account. How should this be handled?