How do I enter the Cendent Distribution of Realogy and
Wyndhan? I know the amount of stock I received for both, but
I don't know what to do to add 2 plus reduce the tax basis
of Cendant.

Thanks
Sam
NJPDIC@bivio.com

Thanks for your help with WYN and H, now what do I do with
CAR? Before the change, we have 243.8 shares of Cendet at
$2.0 per now our Bivio Valuation shows that I we have 243.8
share CAR at 19.1 share per.
I think the share should be 24.38 @ 19.1 per.
How do I fix this?

sam


Rip West wrote:
> Sam,
>  
> All spinoffs are a little unusual, but this one is even
> more so, because Cendant spun off two companies, Realogy [H] and Wyndham [WYN].
> Per the instructions at www.cendant.com/investors/cd-wyn-real_tbi.html,
> 42.5% of the original cost of Cendant should go to H and 41.5% should go to WYN.
> Cendant will be 16% of its original amount. That's fairly clear, but it gets
> tricky, because all the accounting software only allows you to enter 1 spun off
> company at a time. Therefore, you should do this in exactly the following
> sequence.
>  
> Go to Accounting!Spinoff. Enter CD for the Ticker.
> Enter H for the Spin-off ticker. Enter 8/1/06 as the date. Enter the number of
> shares, including fractional shares, of H that you received. Enter 57.5 for the
> remaining basis percentage. Don't click on Calculate. Enter any cash received in
> lieu of fractional shares, and indicate the account where this cash was
> received. Enter an appropriate remark and click OK.
>  
> That takes care of Realogy. Now to enter Wyndham. I
> suspect that it's not really necessary to enter this spin off on a separate
> date, but it won't hurt to make sure. Therefore,  go to
> Accounting!Spinoff. Enter CD for the Ticker. Enter WYN for the
> Spin-off ticker. Enter 8/2/06 as the date. Enter the number of shares, including
> fractional shares, of WYN that you received. Enter 27.8261 for the
> remaining basis percentage. Don't click on Calculate. Enter any cash received in
> lieu of fractional shares, and indicate the account where this cash was
> received. Enter an appropriate remark and click OK.
>  
> That should do it. Let us know if you have any
> questions.
>  
> Rip West
> Saint Paul, MN

All I know is that I did not enter or change CD to CAR. Then
I looked at the news for CD and this is what I found.
 "Avis Budget Group, Inc. (NYSE: CAR) announced that it will
 begin trading today on the New York Stock Exchange under
 the symbol "CAR" after giving effect to a one-for-ten
 reverse stock split. Avis Budget Group was formerly known
 as Cendant Corporation (NYSE: CD)".

Its even spell wrong under our club as AVID BUDGET.

I'll invite you.


Thanks for your Help.





Rip West wrote:
> Sam,
>  
> I don't understand. What does CAR have to do with this?
> That's the symbol for Avis. We were talking about Cendant, Wyndham, and Realogy.
> Is it possible that CAR got mixed up with CD [Cendant]?
>  
> If you want to invite me to your club as a guest, I can
> take a look to see if I can figure anything out.
>  
> Rip West
> Saint Paul, MN
>