SPINOFF: SunCoke Energy from Sunoco

Issue:

How do I enter the spinoff of SunCoke Energy from Sunoco ?

Cause:

Sunoco spun off SunCoke Energy as a special dividend. Sunoco is the parent company.
Information for this spinoff can be found through the SunCoke web site at:
http://phx.corporate-ir.net/phoenix.zhtml?c=245151&p=irol-irhome
A link to the cost basis allocation information can be found at the above URL also.

Resolution:

According to the information from SunCoke this is a simple tax free spinoff.

The Spinoff Entry
Go to Transactions > Spinoff or Accounting > Securities > Record spinoff of securities depending on the version of the software being used.
If you are unfamiliar with spinoff transactions you can get help at this URL:
http://www.iclub.com/support/kb/default.asp?page=normal_spinoff

Here is the information you need to complete the spinoff.
Date: 1/17/2012
Select Parent Security (or Parent Company) : Sunoco (SUN)
Remaining Basis Percentage: 83.2
Cash received: See your broker statement for cash-in-lieu received
Spinoff Security (or Symbol of New Company) : SunCoke Energy (SXC)
Shares received : 0.53046 x (#of SUN shares owned) (Remember to include fractional shares.)
(For example, if you owned 100 SUN shares, you should receive 0.53046 x 100 = 53.046 SXC shares.)
Price Per Share : 13.40
Save the transaction and the spinoff has been entered.