Re: Spin-off

[ Message Board ] [ Archives ] [ Search ]

In Reply to: Spin-off posted by Jim on January 30, 2006 at 17:01:30:

: Having a hard time with the separation of Viacom Corp. Class B into CBS Corp. and Viacom Corp. Class B New. I purchased three different lots at three different times of old Viacom. When I enter the spin-off of old Viacom into the new stocks, FM don’t keep the old purchase dates causing the lose of long-term and short-term gain/ loss tracking. In addition, FM doesn’t remove the shares for old Viacom nor does it remove the cost but treats the separation as a ROC. Thus I end up having a real mess for the value and cost of the portfolio both historically and going forward.

: If I enter CBS & Viacom - New as purchases using the original dates from when I purchased old Viacom, my historical reports and IRS Sch. D are wrong

: I am using FM – Personal Version

: Help!!!

Hi Jim,

Are you recording 2 spin-offs, or just one for the new CBS Corp shares? Maybe you can describe some of the specifics (or at least a hypothetical example)? How many shares did you have before, and how many of each did you have after? What is the approximate value before/after of each?

Thanks,
Mark
--
Mark Beiley
Fund Manager, portfolio management software for Windows 95/98/ME/NT/00/XP/2003

Replies:

• Re: Spin-off Jim 19:46:00 02/01/06 (3)
  • Re: Spin-off Mark 11:25:25 02/02/06 (2)
    • Re: Spin-off jim 12:46:56 02/06/06 (1)
      • Re: Spin-off Mark 13:02:00 02/06/06 (0)