Re: Recording cost basis for share distributions

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Posted by Mark on December 14, 2006 at 16:09:59:

In Reply to: Recording cost basis for share distributions posted by Craig on December 14, 2006 at 15:47:05:

: All,

: In May Sprint spunoff Embarq. As a result I received some Embarq shares. These shares were distributed at no cost, they were basically a dividend.

: How do I record this in FM to reflect proper basis? Do I add them as a spinoff or as a purchase at zero cost?

: Thanks,

: Craig

Hi Craig,

Either way, you'll come out the same. Since there was no cost, you could just create a new investment, and then purchase the shares at a cost of $0.

Thanks,
Mark
--
Fund Manager - Portfolio Management Software

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