Best way to record stock swap of stock from one Co to anothe

Cal Learner · Joined: 02 Aug 2007 Posts: 996

In microsoft.public.moneycentral, Scott W wrote:

>
>Does anyone know the best way to enter transaction(s) into
>money to show the swap of a stock from one CO to another.
>Basically the first company is sold to another, and there
>is a stock swap for 1.234 shares for new company for each
>1.0 of old company.
>
>I am looking to do this in a manner that Money does not
>show any tax changes at all, since there should not be.
>
>I entered transactions to sell the first, then buy the
>second at the 1.234 shares per, but is appears to affect
>the taxes.

What version of Microsoft Money are you using?

Scott W · Joined: 02 Aug 2007 Posts: 2

Sorry all. I am using Money 2004 Premium version 12.0
Update 1.

Thanks in advance!
Scott
>-----Original Message-----
>In microsoft.public.moneycentral, Scott W wrote:
>
>>
>>Does anyone know the best way to enter transaction(s)
into
>>money to show the swap of a stock from one CO to
another.
>>Basically the first company is sold to another, and
there
>>is a stock swap for 1.234 shares for new company for
each
>>1.0 of old company.
>>
>>I am looking to do this in a manner that Money does not
>>show any tax changes at all, since there should not be.
>>
>>I entered transactions to sell the first, then buy the
>>second at the 1.234 shares per, but is appears to affect
>>the taxes.
>
>What version of Microsoft Money are you using?
>
>.
>

Cal Learner · Joined: 02 Aug 2007 Posts: 996

In microsoft.public.moneycentral, Scott W wrote:

>Sorry all. I am using Money 2004 Premium version 12.0
>Update 1.

Go to the details for the investment and choose "Record a merger".

>
>Thanks in advance!
>Scott
>>-----Original Message-----
>>In microsoft.public.moneycentral, Scott W wrote:
>>
>>>
>>>Does anyone know the best way to enter transaction(s)
>into
>>>money to show the swap of a stock from one CO to
>another.
>>>Basically the first company is sold to another, and
>there
>>>is a stock swap for 1.234 shares for new company for
>each
>>>1.0 of old company.
>>>
>>>I am looking to do this in a manner that Money does not
>>>show any tax changes at all, since there should not be.
>>>
>>>I entered transactions to sell the first, then buy the
>>>second at the 1.234 shares per, but is appears to affect
>>>the taxes.
>>
>>What version of Microsoft Money are you using?
>>
>>.
>>