Spin off with multiple tax lots
« on: November 19, 2019, 04:26:10 PM »
Hi! I am trying to post a spin off, but the allocation of basis among the tax lots is not allocating according to my statement.  Is there a way to specify how much basis from each lot is being spun off?  Thanks!

Re: Spin off with multiple tax lots
« Reply #1 on: November 21, 2019, 08:36:09 AM »
When adding multiple spinoffs, these are entered in sequential order.  That is, determine the proper cost basis allocations post the spinoff for each company (parent and spinoffs received).  Then determine the % allocation this cost basis represents of the original parent.  When entering, make sure you adjust the percent allocations for each subsequent spinoff so the resulting tax basis assigned is correct for each company.  Refer to the help topic provided in IAM3 regarding multiple spinoffs for a working example you can follow.  If you have add'l questions, please email our technical support team directly: techsupport@investmentaccountmanager.com

Matt