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Subject Author Date
BellSouth to AT&T Stock Sylvia 01-17-2007
Posted by Jeff Schwarz on January 18, 2007, 10:43 am
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 Quicken 06 Deluxe should have the same type of transaction. Quicken 2007 has
the same transaction "Corporate Acquisition (stock for stock)".

Note that if your account is a "Single Mutual Fund" account, then that
transaction does not appear. Maybe that is the problem?

>I am using Quicken Deluxe 2006 and I do not have Corporate Acquisition
> listed under "Enter Transaction". Do I need another version?
> Katie



Posted by John Pollard on January 18, 2007, 12:19 pm
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 Sylvia wrote:
> I am using Quicken Deluxe 2006 and I do not have
> Corporate Acquisition listed under "Enter Transaction".

> Do I need another version?

No.

You need to hold your security in a non-Single Mutual Fund
account.

--
John Pollard
First initial underscore Last name at mchsi dot com
Please reply to newsgroup



Posted by Jeff Schwarz on January 18, 2007, 10:34 am
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Stephen, what transactions did it enter? Did it enter a return of capital
for BLS and a purchase of ATT? If so, what are the dates of the transaction?
Are they the original date you purchased BLS?
Thanks,
-Jeff


>I just made the same conversion and it worked out perfectly. It retained
>my
> original cost basis from BLS and created the exact amount of ATT shares. I
> am currently using Quicken 2004 Basic.
>
> Here's what I did:
>
> 1. Open the investment account containing the BLS shares.
>
> 2. Click on the button " Enter Transactions"
>
> 3. In the next window, choose "Corporate acquisition (stock for stock)"
> from
> the "enter transaction" box.
>
> 4. Enter the details of the takeover. In this case its 1.325 shares of
> ATT
> for every share of BLS. ATT share price on conversion date (put in the
> correct date) was $35.50/share.
>
> 5. Quicken will then create all the selling and buying transactions
> including fractional shares.
>
> I wish it worked as well with stock spin-offs and corporate splits like
> the
> recent Viacom-CBS split.
>
>
>
>



Posted by Stephen Ciffone on January 18, 2007, 11:14 pm
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No. The date was Jan. 3 which was the date on my download (which I deleted
so I could enter manually).

It showed the removal of BLS shares on one line, and the multiple addition
of AT&T shares corresponding to the original lots of BLS I had purchased.

One thing I noticed is that Quicken didn't round the same way my financial
institution did, so its asked me to "sync" the 2 different amounts by
creating a transaction that would remove the missing fractional shares in
Quicken so it corresponds to my brokerage account.

Steve


> Stephen, what transactions did it enter? Did it enter a return of capital
> for BLS and a purchase of ATT? If so, what are the dates of the
transaction?
> Are they the original date you purchased BLS?
> Thanks,
> -Jeff
>
>
> >I just made the same conversion and it worked out perfectly. It retained
> >my
> > original cost basis from BLS and created the exact amount of ATT shares.
I
> > am currently using Quicken 2004 Basic.
> >
> > Here's what I did:
> >
> > 1. Open the investment account containing the BLS shares.
> >
> > 2. Click on the button " Enter Transactions"
> >
> > 3. In the next window, choose "Corporate acquisition (stock for stock)"
> > from
> > the "enter transaction" box.
> >
> > 4. Enter the details of the takeover. In this case its 1.325 shares of
> > ATT
> > for every share of BLS. ATT share price on conversion date (put in the
> > correct date) was $35.50/share.
> >
> > 5. Quicken will then create all the selling and buying transactions
> > including fractional shares.
> >
> > I wish it worked as well with stock spin-offs and corporate splits like
> > the
> > recent Viacom-CBS split.
> >
> >
> >
> >
>
>



Posted by Oilcan on January 19, 2007, 8:50 pm
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I would just pick one of the lots and round the share amount. It will
not make a difference in the long run and IRS in concerned with the
dollars invested verses the shares.

Stephen Ciffone wrote:
> No. The date was Jan. 3 which was the date on my download (which I deleted
> so I could enter manually).
>
> It showed the removal of BLS shares on one line, and the multiple addition
> of AT&T shares corresponding to the original lots of BLS I had purchased.
>
> One thing I noticed is that Quicken didn't round the same way my financial
> institution did, so its asked me to "sync" the 2 different amounts by
> creating a transaction that would remove the missing fractional shares in
> Quicken so it corresponds to my brokerage account.
>
> Steve
>
>
> > Stephen, what transactions did it enter? Did it enter a return of capital
> > for BLS and a purchase of ATT? If so, what are the dates of the
> transaction?
> > Are they the original date you purchased BLS?
> > Thanks,
> > -Jeff
> >
> >
> > >I just made the same conversion and it worked out perfectly. It retained
> > >my
> > > original cost basis from BLS and created the exact amount of ATT shares.
> I
> > > am currently using Quicken 2004 Basic.
> > >
> > > Here's what I did:
> > >
> > > 1. Open the investment account containing the BLS shares.
> > >
> > > 2. Click on the button " Enter Transactions"
> > >
> > > 3. In the next window, choose "Corporate acquisition (stock for stock)"
> > > from
> > > the "enter transaction" box.
> > >
> > > 4. Enter the details of the takeover. In this case its 1.325 shares of
> > > ATT
> > > for every share of BLS. ATT share price on conversion date (put in the
> > > correct date) was $35.50/share.
> > >
> > > 5. Quicken will then create all the selling and buying transactions
> > > including fractional shares.
> > >
> > > I wish it worked as well with stock spin-offs and corporate splits like
> > > the
> > > recent Viacom-CBS split.
> > >
> > >
> > >
> > >
> >
> >


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