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Merger of BEAV w/ COL

Questions about updating prices or transactions in Fund Manager

Postby frankpazulski » Tue May 02, 2017 12:05 pm

Hi Mark, ran into a merger not sure how to transact w/ FM. BEAV was sold to Rockwell collins for 34.10 per share in cash and .3101 shares of COL for every share of BEAV. Transaction is totally taxable. I recieved 920.70 in cash and 8 shares of COL for my 27 shares of BEAV. Fractional shares will be sold. Any suggestions. Frank
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Postby Mark » Tue May 02, 2017 1:17 pm

Hi Frank,

Record a distribution for the $920. I assume you don't pay taxes as if you sold the BEAV, right? If that is correct, just record a split with a ratio of <new_shares> for <old_shares>. The <new_shares> should include any fractional shares you received. Record a sell for any fractional shares sold. Change the name/symbol property of the investment.
Thanks,
Mark
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Postby frankpazulski » Tue May 02, 2017 1:21 pm

my understanding is BEAV is sold with old cost basis, COL has new cost basis as of the close of the deal so no carry over of basis. Frank
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Postby Mark » Tue May 02, 2017 1:31 pm

You might check with your broker for details. If BEAV is treated as sold, what would you use for cost basis for COL?
Thanks,
Mark
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Postby frankpazulski » Tue May 02, 2017 2:01 pm

They gave a cost basis per share of COL of 97.99 per share. How does this change your instructions since BEAV is sold completely and COL has a new cost basis. Frank
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Postby Mark » Tue May 02, 2017 2:16 pm

Hi Frank,

If you want to record your BEAV shares as sold, so you pay Capital Gains on the sale of all shares, record a sell of BEAV for all the shares, and record a buy of COL for the desired cost basis. No split or partial share sell is necessary if you choose to record it this way.
Thanks,
Mark
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