GOOG SPLIT
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GOOG SPLIT bivio is showing a "Return of capital, GOOGLE INC CL A (GOOGL) Spin-off" in our broker account. Our broker account does not match that. We did not receive capital in the split. Can you explain this please? Hi Susan, Yes. For some reason, Folio is sending over strange information in their datafile on the Google Spinoff.Laurie Frederiksen
Invest with your friends! www.bivio.com Become our Facebook friend! www.facebook.com/bivio Follow us on twitter! www.twitter.com/bivio Follow Us on Google+ Click here to Subscribe to the Club Cafe email list. Click here to Unsubscribe On Sun, Apr 13, 2014 at 2:33 PM, Susan J Mueller <suemue@comcast.net> wrote: bivio is showing a "Return of capital, GOOGLE INC CL A Our GOOG and GOOGL shares show a different cost basis. How is this possible if it is just a 2:1 split? Hi Peg, Cost basis in a split is allocated based on fair market value of the resulting shares, not on the number of shares. GOOGL was priced slightly higher on the first day than GOOG was.https://investor.google.com/pdf/2014_form8937.pdf cost basis was allocated 50.08% to GOOGL. Laurie Frederiksen
Invest with your friends! www.bivio.com Become our Facebook friend! www.facebook.com/bivio Follow us on twitter! www.twitter.com/bivio Follow Us on Google+ Click here to Subscribe to the Club Cafe email list. Click here to Unsubscribe On Thu, Apr 24, 2014 at 5:02 PM, Margaret F. Wentworth <pegw@comcast.net> wrote: Our GOOG and GOOGL shares show a different cost basis. How Want to sign up for treasurer training and don't see your ail....Judy Tallman, Blooming Assets. Thanks. Sent from my iPhone
Yes but Bivio shows the price for GOOGL as &1.08 instead of half cost of original GOOG shares. That is why our bivio and folio account does not match! is bivio going to correct it? Or we need to correct it manually?
Thanks . On Thu, Apr 24, 2014 at 8:54 PM, Judy Tallman <judy.tallman@comcast.net> wrote:
Aruna. AccountSync reads data sent from the broker. For the GOOG spinoff, Folio sent through very strange and incorrect information. That is why you have a problem. If you don't know how to correct the entries, just email us at support@bivio.com and we'll be glad to adjust them for you.Laurie Frederiksen
Invest with your friends! www.bivio.com Become our Facebook friend! www.facebook.com/bivio Follow us on twitter! www.twitter.com/bivio Follow Us on Google+ Click here to Subscribe to the Club Cafe email list. Click here to Unsubscribe On Fri, Apr 25, 2014 at 11:46 AM, Aruna Parekh <parekharuna@gmail.com> wrote:
I now have three separate cost basis for GOOG and GOOGL. Bivio valuation report shows one set, TD AMeritrade's monthly brokerage report has another, and I generate a third by taking my cost basis from transaction sheets and multiplying by your 49.92% and 50.02%. This spinoff is NOT the usual split, which we have dealt with many times before. I printed out the 8937 sheet from GOOG to attach to my transaction sheets to show the calculations used. But which one to go with? Dear Peg, It should be entered as a spinoff, not a split. I'd recommend you use 50.08 as the remaining basis for the GOOGL shares. That is what is shown in the form 8937 and the brokers usually use that information. Laurie Frederiksen
Invest with your friends! www.bivio.com Become our Facebook friend! www.facebook.com/bivio Follow us on twitter! www.twitter.com/bivio Follow Us on Google+ Click here to Subscribe to the Club Cafe email list. Click here to Unsubscribe On Fri, May 2, 2014 at 1:47 PM, Margaret F. Wentworth <pegw@comcast.net> wrote: I now have three separate cost basis for GOOG and GOOGL. Laurie,
I get that it is a spinoff. I get the percentages. I am just not getting
the same numbers when I do my calculations. and Bivio is different from me and
from TD Ameritrade. There are THREE different cost bases calculations, all based
on the same agreed cost basis for my original 5 shares.
Peg
From: Laurie Frederiksen
Sent: Friday, May 02, 2014 2:01 PM
To: The Club Cafe
Subject: Re: [club_cafe] Re: GOOG SPLIT Dear Peg, It should be entered as a spinoff, not a split. I'd recommend you use 50.08 as the remaining basis for the GOOGL shares. That is what is shown in the form 8937 and the brokers usually use that information. Laurie Frederiksen Invest with your friends! www.bivio.com Become our Facebook friend! www.facebook.com/bivio Follow us on twitter! www.twitter.com/bivio Follow Us on Google+ Click here to Subscribe to the Club Cafe email list. Click here to Unsubscribe On Fri, May 2, 2014 at 1:47 PM, Margaret F. Wentworth
<pegw@comcast.net> wrote:
I now have three separate cost basis for GOOG and GOOGL. Dear Peg, Cost basis is allocated in a spinoff based on fair market value of the shares immediately after the spinoff. There can be some variation allowed in how that is determined. It can be opening price on the day after the spinoff, average price on the day after the spinoff or even closing price on the day after the spinoff.In my experience lately, brokers have been using the form 8937 numbers to allocate basis. This didn't come out until about a week after they had to enter the spinoff in your records. If the basis they show doesn't agree with the form 8937, there is a good chance they will adjust it later. That is where I got the 50.08 remaining basis percentage I suggested you use. We didn't have that number when we initially made the AccountSync entries. Rather than wait for it, (since lots of clubs own Google and we were getting lots of requests to make the entries) we used opening price on the day after the spinoff. So there is a good chance none of the amounts you are seeing is "wrong", tax wise. But it should be easy to match the brokers numbers if you'd like. Send the specific numbers you are using to do your calculations to support@bivio.com and we will take a more detailed look at them for you. Laurie Frederiksen
Invest with your friends! www.bivio.com Become our Facebook friend! www.facebook.com/bivio Follow us on twitter! www.twitter.com/bivio Follow Us on Google+ Click here to Subscribe to the Club Cafe email list. Click here to Unsubscribe On Fri, May 2, 2014 at 2:16 PM, Peg Wentworth <pegw@comcast.net> wrote:
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