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Author: Patzer Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121569  
Subject: Re: Merger/Acquisition Question Date: 1/13/2009 8:58 AM
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The first one was a straight stock swap and it looks like Quicken (my bible as Jay Leno would say) handled it right with sharesin and sharesout. But the second involved some stock (Middlebys) and some cash. I'm not sure how to figure the gains/loss in that situation nor how to input it correctly to Q.

Not to dis Quicken, but it does what you tell it to do. That doesn't mean you gave it correct instructions from a tax perspective.


I'm willing to dis Quicken on this subject. If you only held one lot of the stock that was merged and did not hold any of the acquiring company, it is possible to make Quicken handle a typical merger acquisition correctly. That doesn't mean Quicken necessarily *did* handle it correctly; you need to know what the answer should be independent of Quicken.

If you held multiple lots of the merged stock purchased on different dates at different prices, it is not possible to get Quicken to handle the acquisition correctly for tax purposes. You can get Quicken to give you correct *investing* results, but you need to keep your tax information independent of Quicken.

Once you know what the numbers should be, if you need Quicken help I think there's a Quicken board.

When you ask, expect to get an earful about merger & acquisition bugs that were reported to Intuit in the mid-1990s and remain unfixed.

Patzer
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