How Do I Record a Corporate Spin-off of New Securities?


 A corporate spin-off can require shares of the new company to be issued to those who own shares of the original company. Use the Corporate Securities Spin-off dialog to record these changes in Quicken.

1. Open the account you want to use.

2. Click Enter Transactions.

3. In the Enter Transaction list, select Corporate Securities Spin-off.

4. Use this dialog to change the security name and price information when a corporation spins off another corporation or entity. Click a link below for more information.

  • Security Name
    Enter the name of the security as it is currently identified in your Quicken transaction list.
  • New Company
    Enter the name of the new corporation or entity that will receive the spin-off shares.
  • New shares issued
    Enter the ratio, not a number of shares. For example, if you own 150 shares of the original company and the spin-off ratio is .65 new shares for each old share, you would enter .65 (the ratio), rather than 97.5 (the total number of shares you received).
  • Cost per old share
    Enter the fair market value (sometimes called tax basis allocation) per share of your original security, on the date of the spin-off. If you do not have the information, it should be available from the parent company or from news articles on the day of the spin-off.
  • Cost per new share
    Enter the fair market value (sometimes called tax basis allocation) per share of the new security (the one that was spun off), on the date of the spin-off. If you do not have the information, it should be available from the parent company or from news articles on the day of the spin-off.
  • Taxable spin-off
    If this is a taxable spin-off, select the check box.


    The parent company determines whether this is a taxable or nontaxable spin-off.

    • If this is a taxable spin-off, Quicken enters one Return of Capital transaction from the parent company and one Buy transaction for the spin-off company, recorded on the day of the spin-off.
    • If this is a nontaxable spin-off, Quicken enters a pair of transactions for each open lot of the parent company—a Return of Capital transaction from the parent company and a Buy transaction for the spin-off company, recorded with the same date as the open lot.
  • Memo
    For example, "Nontaxable spin-off on (date)" or "Taxable spin-off on (date)."

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