Vodaphone (VOD) reverse split and distribution to Verizon shares (VZ)
What's the best way to account for this activity in Quicken?
Start with 140 shares of VOD
Reverse split yields 76 shares VOD
"Distribution spinoff from VOD" yields 36 shares of VZ
I've done a reverse split transaction in Quicken fir VOD and a 'Shares added' transaction for my new VZ shares, but it just doesn't seem right to me. Is there a better way to account for this?