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Re: Ford Motor Co. exchange of stock plus $20/share

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Posted by Mark on August 09, 2000 at 09:44:13:

In Reply to: Re: Ford Motor Co. exchange of stock plus $20/share posted by Arthur Neill on August 09, 2000 at 07:34:21:

: : Recently Ford exchanged its shares of stock worth $49.50 for new stock worth $29.50. To make up the difference, they paid out $20/share in cash for each share I owned, 283 shares = $5,660. How do I enter this in FM?

If this cash is not taxable as dividend income, but is suppose to lower
your cost basis for capital gains, then record it as a "Return of Capital"
distribution. If it is taxed as dividend income, and doesn't affect
your cost basis, record it as a "Dividend" distribution.

Mark Beiley

Fund Manager for Windows 3.1x/95/98/NT

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