Combining accounts

Posted by Gary on July 2, 2009, 9:25 am

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One other question, and it's not a new question. It's been asked and
answered many times. Unfortunately, none of the answers I've come
across can be used.

I use Quicken Deluxe 2009. I have created two separate accounts during
a manic attack. One account is called VanguardRothIRA, the other is
VangRothIRA. They have different investments in them, but both
together constitute my Vanguard Roth IRA.

They are both investment accounts with reinvested dividends and mutual
funds being transferred into the account (IRA to Roth conversion) and
out of the account (recharacterization). The accounts belong together
as a single account, but any efforts at using "Move transaction" have
failed.

Any ideas?

Posted by Art McClinton on July 4, 2009, 8:42 am

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> One other question, and it's not a new question. It's been asked and

> answered many times. Unfortunately, none of the answers I've come across

> can be used.

> I use Quicken Deluxe 2009. I have created two separate accounts during a

> manic attack. One account is called VanguardRothIRA, the other is

> VangRothIRA. They have different investments in them, but both together

> constitute my Vanguard Roth IRA.

> They are both investment accounts with reinvested dividends and mutual

> funds being transferred into the account (IRA to Roth conversion) and out

> of the account (recharacterization). The accounts belong together as a

> single account, but any efforts at using "Move transaction" have failed.

> Any ideas?

One possible solution is - Since they are IRA accounts and you do not care
about the basis of the stocks you can remove the stock from one account and
add it to the other account. In the description field you can say what you
are doing.

Posted by John Pollard on July 4, 2009, 9:03 am

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Gary wrote:

> One other question, and it's not a new question. It's been asked and

> answered many times. Unfortunately, none of the answers I've come

> across can be used.

> I use Quicken Deluxe 2009. I have created two separate accounts

> during a manic attack. One account is called VanguardRothIRA, the

> other is VangRothIRA. They have different investments in them, but

> both together constitute my Vanguard Roth IRA.

> They are both investment accounts with reinvested dividends and mutual

> funds being transferred into the account (IRA to Roth conversion) and

> out of the account (recharacterization). The accounts belong together

> as a single account, but any efforts at using "Move transaction" have

> failed.

There is no "move transaction" for investment accounts; but you can use
Cut/Paste ... one transaction at a time.

As suggested in the other response, you can use Remove Shares/Add Shares,
but if you go that route, you might as well use the "Shares transferred
between accounts" transaction which will also Remove Shares from one
account and Add Shares to the other ... but it will retain the lot info.

And if you'd like all the transactions "moved" and don't have the patience
to do them one-by-one, you can export to a QIF file, make a few minor
adjustments to the QIF file, then import the QIF file into the other
Quicken account.

https://qlc.intuit.com/post/show_post_full_view/dQMNaWtX4r3OK1acfArQA8

--

John Pollard