Thanks John,
I have a similar case of my own. My company (C-Corp) used $50k to purchase stock of a public company. The purchase was directly to the company as it was a certificate offering.
So far I have entered the stock as an asset (account type => Other Current Asset. Detail Type => Investments -Other).
In your answer to Royd it was recommended to use the brokerage as the vendor. In my case is the vendor the company?
As this was a purchase directly to company that issued the stock, it was a wire out of my bank, to their bank. Should the wire fee be included in the cost basis of the stock?
Thank you for your help!
David
