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Posted by BW on March 20, 2007, 5:53 pm
Please log in for more thread options Bob L. wrote:
> * BW wrote:
>> Forgive the subject title, I'm not sure what to call the transaction. I
>> have an Ameritrade account that held 30 shares of a stock. The company
>> was
>> merged with another company. Ameritrade downloaded transactions show
>> a "Mandatory Exchange" transaction, a reorganization fee transaction for
>> $20, and a transaction for $9.35 called "Cash in lieu of fractional
>> shares". Quicken popped up a dialog box asking if the new security was
>> already in quicken as an existing security with a list to pick from. I
>> selected the existing security then accepted the transactions. Here is
>> the list of transactions from the Ameritrade site:
>> 01/31/2007 14:59:46 MANDATORY REORGANIZATION FEE -20.00 -$20.00
>> 01/31/2007 14:59:49 MANDATORY - EXCHANGE (STXN) 0.00 -$20.00
>> 01/31/2007 14:59:49 MANDATORY - EXCHANGE (HSTX) 0.00 -$20.00
>> 01/31/2007 22:43:40 MONEY MARKET INTEREST (MMDA1) 0.00 -$20.00
>> 02/01/2007 04:57:07 MONEY MARKET REDEMPTION (MMDA1) 0.00 -$20.00
>> 02/01/2007 04:57:07 MONEY MARKET REDEMPTION 20.00 $0.00
>> 02/05/2007 10:06:24 CASH IN LIEU OF FRACTIONAL SHARES (HSTX) 9.35
>> $9.35
>> 02/06/2007 03:23:56 MONEY MARKET PURCHASE -9.35 $0.00
>>
>> My Ameritrade account in quicken has an associated Ameritrade-cash
>> account. Quicken placed a short sell transaction in the Ameritrade
>> account when I accepted the transaction:
>> 1/31/07 ShtSell STXN 30 shares of STXN
>> I didn't short sell anything.
>>
>> How should these transactions be entered in the Ameritrade and
>> Ameritrade-cash accounts, especially the fractional shares transaction?
>>
>> Also, is there a way to remove the transactions I already accepted and
>> redownload them?
> I find it best to manually enter transactions of this type. Therefore I
> recommend deleting the recent transactions. Then manually enter what
> happened. From what I can tell, you need to just enter a "Corporate
> Acquisition" Transaction (Enter Transaction>Corporate acquisition). It
> will lead you through that. When completed, however, you will have a
> fractional number (less than one) of shares in the new company. Enter a
> sell transaction for these fractional shares with a proceeds value of
> 9.35 (This is the cash in lieu they talk about). Then purchase the
> money fund security with the 9.35.
>
> If you've done it right you should balance out the next time you download.
>
> Good Luck!
> Bob L.
Thanks, I'll try it!
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