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90 Points
Posted 1 year ago
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520 Points
I would have three separate transactions on two dates.
On the first day, I would record the 5.5 cent fully franked dividend,
AND the 19.5 cent capital return, to reduce the cost base.
In the second day, I would enter the share reduction - so as not to confuse the number of shares on which the dividend and capital return is calculated.
On the first day, I would record the 5.5 cent fully franked dividend,
AND the 19.5 cent capital return, to reduce the cost base.
In the second day, I would enter the share reduction - so as not to confuse the number of shares on which the dividend and capital return is calculated.
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432 Points
I did similar but used the stock split function for the share reduction bit.
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520 Points
I was less than clear - I too would use the stock split for the share reduction, as this provides the best process.
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