Thank you very much!!! Now it is very clear and done!! I am so glad
that you and Rip and others are there for these pesky problems!!
----- Original Message -----
Sent: Monday, November 13, 2006 2:37
PM
Subject: Re: club_cafe: Stock name
changes
Enter a cash dividend or distribution for the surviving stock. Set the
distribution type to Return of Capital and enter NEGATIVE $20 as the amount of
the distribution. You can ignore the ex-dividend date as it isn't relevant to
this transaction.
Ira Smilovitz
In a message dated 11/13/2006 2:28:36 P.M. Eastern Standard Time,
starrwp@earthlink.net writes:
In Bivio, how exactly do I do this?
----- Original Message -----
Sent: Monday, November 13, 2006 12:12
PM
Subject: Re: club_cafe: Stock name
changes
One final question, I hope! We have two situtations
where
we have received a new stock and Ameritrade has charged
us
$20.00 for a mandatory reorganizational fee. Anonyx
became
TPTX which created a $20.00 fee, I presume because it is
a
new symbol to the stock market. Then Agilent spun
off
Verigy which is also a new stock and we got
another
mandatory reorganization charge from Ameritrade. Do
these
charges become part of the cost of the stock like
a
commission or are they just expenses. I assumed they
were
general expenses, but I am not sure. Do all brokerages
charge
for new stock or is this an Ameritrade
rip-off?
Many brokers charge similar fees. They should be recorded as a
NEGATIVE Return of Capital from the surviving or new company. It is
equivalent to paying a commission on the transaction as it adds to the
cost basis of the new shares. This is not a current expense but will
reduce the capital gain when the shares are sold.
Ira Smilovitz