Q:How to Record a Goog Spin-off Googl in TradeMax?
I have just entered a spin-off event for GOOG and GOOGL today. However, I

cannot see how to adjust the cost basis, as my GOOG shares still have the
full original cost basis and the GOOGL shares appear to have a zero cost
basis.  Please can you tell me how to do this?

To append a spin-off event,you should enter Old price per share and New Price per share in the spin-off dialog box and Old Security Quantity/New Security Quantity,TradeMax will auto adjust from GOOG to GooGL
For example,you have 100 goog open position,the buy price is 800,
After spin-off GOOG price is 569.74  ,GOOGL price is 571.5 and 100 new share
So the GOOGL open price should be  (571.5/(569.74+571.5))*800=400.6169 the COST of GOOGL =40061.69
ROC=40061.69
The GOOG cost =80000-40061.69=39938.31
  1. Select the records to Spinoff
  2. Right-click on the record and select the Trade Spinoff from the context menu
  3. A dialog box will pop up:

Just Enter Old price per share and New Price per share in the spin-off dialog box
Function Descripton
1.Enter Transaction

Select the transaction type.

There are the following option from its dropdown list :

Stock Split/Reverse Split – A corporate action in which a companys existing shares are divided into multiple shares.

Stock Spin off – A spin-off is a new company formed by splitting from a larger one. Brokers’methods vary widely on how they report spinoffs in their statements.

Stock Merge The combination of two or more corporations into one..

2.Transaction Date The actual date you spinoff the security to another
3.Account Choose the specific account name from the accounts list. If you choose <All Account> from the dropdown list, event will apply to all accounts
4.Old Security Name The name of security before the specific event. Enter the old security name manually in the Old Security Name field or Select it from the Symbol dropdown list.
5.Old Security Quantity Number of shares before the specific event.
6.New Security Name The name of the security after the specific event. Enter the new security name manually in the New Security Name field or Select it from the Symbol dropdown list.
7.New Security Quantity Number of shares after the specific event.
8.New shares Issued The split ratio is automatically calculated by New Security Quantity/Old Security Quantity.
9.Cost Per Old Share Enter the cost per share of the old security,on the date of the spin-off.
8.Cost Per New Share Enter the cost per share of the new security which was spin off, on the date of the spin-off.