Wabtec / GE stock split

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Laurie Frederiksen on

It can take a while for final information to come out when a reorganization happens.

This was a taxable transaction.

You received .005371 shares of WAB for each share of GE that you owned.

According to information I just got from GE today, each of those shares had a value of $78.06

So you need to multiply:

$78.06 * .005371 * number of GE shares you had

to get the total value of shares that you received.

Record this as a dividend on 2/26/2019 using the Income button on the Accounting>Investments page.

Then, record a purchase of the WAB shares on 2/26/2019 for the same total amount.

If you received any fractional shares, those will then be sold for the amount of cash in lieu you also would have received. So you will have a sale entry to record that.

When you are done, you need to compare any sale details to a "Realized gain/loss" report you can get from your broker.

If you still own any WAB shares, it is important to compare the cost basis of them in bivio to an "Unrealized gain/loss" report you can also get from your broker.

Laurie Frederiksen
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On Sun, Mar 17, 2019 at 7:37 PM Judy via bivio.com <user*18234200001@bivio.com> wrote:

Everyone received cash instead of shares. Had to have 186 (I think)
of GE stock.

-----Original Message-----
From: john paul via bivio.com <user*22112000001@bivio.com>
To: club_cafe <club_cafe@bivio.com>
Sent: Sat, Mar 16, 2019 2:34 pm
Subject: Re: [club_cafe] Re: Wabtec / GE stock split

No I never heard anything. -jp

Sent from Yahoo Mail for iPhone

On Saturday, March 16, 2019, 11:13 AM, Mark A. Carrozza via bivio.com <user*28101600001@bivio.com> wrote:

Did you receive an answer to this? We also have oddities
here, where we had so few shares of GE that we actually
received cash instead of shares of WAB, and now bivio and
our online brokerage (eTrade) are out of sync.

Marilyn Haldiman on

This spin-off of WABTEK from GE is making me crazy. TD
Ameritrade didn't execute the sale of our fraction of a
share (.548) until 2/28/19. The price had dropped from
78.06 per share to 73.445907. This caused the short term
capital gain in the Bivio report to report as $40.27, while
the 1099 records the dividend as 42.80. I followed Laurie's
instruction that she posted in this thread, but now the
dividend has completely disappeared from my Bivio report.
Help.

Laurie Frederiksen on

Please send questions like this that apply to specifics of your clubs entries to support@bivio.com and we'll be glad to help you address them.

On Thu, Feb 13, 2020 at 2:11 PM Marilyn Haldiman via bivio.com <user*17489100001@bivio.com> wrote:

This spin-off of WABTEK from GE is making me crazy. TD
Ameritrade didn't execute the sale of our fraction of a
share (.548) until 2/28/19. The price had dropped from
78.06 per share to 73.445907. This caused the short term
capital gain in the Bivio report to report as $40.27, while
the 1099 records the dividend as 42.80. I followed Laurie's
instruction that she posted in this thread, but now the
dividend has completely disappeared from my Bivio report.
Help.

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