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Subject Author Date
How to handle TXU buyout? Bernie 10-12-2007
Posted by Bernie on October 12, 2007, 9:28 pm
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 TXU 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

Posted by Oilcan on October 13, 2007, 11:35 am
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 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).
> TXU 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


Posted by Bernie on October 13, 2007, 12:49 pm
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Thanks.

On 10/13/2007 10:35 AM, Oilcan wrote:
> 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).
>> TXU 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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