Considerations
Rights and warrants exercises are typically non-taxable to the investor. If you have elected to exercise your rights or warrants:
A. Record a Withdraw Transaction using these guidelines:
Withdraw Date = The date you elected to exercise.
Shares = The number of rights or warrants you exercised.
This approach will remove your rights/warrants without creating any gain or loss.
B. Record one Deposit Transaction for the total new shares you received:
Purchase Date = The date you exercised your old rights/warrants.
Shares = The total number of new shares received.
Cost Basis = The sum of the Cost of the old lot plus the cash paid to exercise.