...I owned 100shares of MODTD @ Ameritrade ..I owned 100 shares of MODTD @ Datek They both sent me "trade confirmation" notices that said: 'YOU SOLD" 100 shares MODTECH INC @ $3.7293 =$372.93
I put the "SOLDS" in as sells in Quicken.....(. but my Portfolios with each brokerage firm show that I have 85 shares of MODT)......but because I entered SELLS @ 100 shares in each account that leaves me w/ZERO shares showing in Quicken.
Sorry to be so dense but I know I was supposed to handle it in Quicken differently ......but how??????? HELP!!!
I haven't had any tax corses since before the Internal Revenue Code was amended in the 70s but if I recall correctly, your basis in the stock you owned was $x. It is now $x minus the cash you received. If you received more cash than your basis you have a gain, if not you have a reduced basis. But, what do I know I never did like this stuff.
you are overly complicating things here. Try ...click on security for "detailed view of security" then click easy actions...then stock split then fill in new shares number and old shares number and price after split. then OK then you go back to the register and show a cash dividend of whatever it was.... Should work just fine then do a price update and all will be well... Now if you can just figure a way to get the price of the stock back up to the high teens so I can go in my register and click on "sell" I would very much appreciate it.