No, it would be a Sale as you no longer own any shares in the company. The most common Return of Capital is money received on a "dividend" where there is not enough retained earnings (as dividends are paid from of earnings).
Read the full replyTXU was a publicly traded company that has now been taken private. Shareholders were given a specified amount of cash per share. In my case this was a profitable, long term investment and I've made out well. But I'm not sure how to record it in Quicken. I'm thinking Return of Capital.
Suggestions?
Thanks, Bernie
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