I hope I’m not the only one that struggles to record a spin off transaction in PP. I know there’s been topics before on this (especially in the German forum) but could someone post an idiot proof guide for the steps to take? I’ve tried to take the advice given in the other threads but it’s not entirely clear on the step/steps to perform.
My situation is:
Purchased 116 shares of BAM (five separate purchases over a couple of years)
Sold 116 shares of BAM @ 43.15 USD for 4,851.23 EUR
Purchased 116 shares of BN @ 43.15 USD for 4,851.23 EUR
Purchased 29 shares of BAM @ 0.00 USD
Whatever I’ve tried doesn’t seem to tie back to what I’m seeing in Degiro. I’ve translated some of the German posts so maybe something is lost in translation…
Sure. So I read that you should book the proceeds as a dividend, which I’ve done so here. But where do I go from here? One comment mentions to invest a dividend equal to the opening price of the new share and buy it. How exactly do I record this?
I just find all the back and forth in the other threads confusing. It would be nice to have a simple step by step process on how to record this in PP. You say it basically contains all the information needed but I personally don’t find it to be clear and understandable.