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Posted by TomYoung on November 3, 2006, 11:06 pm
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Jay Levitt wrote:
> On 26 Oct 2006 19:26:48 -0700, TomYoung wrote:
>
> > Did an XOut transaction of $100 on 3/15/05.
> > (Gets cash in account correct for 3/15/05 purchase, doesn't show up on
> > a Income/Expense report.)
>
> When I'm buying more shares than are involved in the wash, do you see any
> harm in moving this into the commission field of the remaining Buy
> transaction? It's a nice easy thing to do, since Quicken will
> automatically update that field for you as soon as you drop the number of
> shares.
>
> Also, how'd you do an XOut without a transfer-to account? Q07 won't allow
> me to do that.
>
> Jay Levitt
I rarely visit this group, hence the delay in replying.
I'm not really following your first question so I'll pass on attempting
an answer.
As for the second question, I'm using Quicken 2004 Deluxe (heck, I'd
still be using Quicken 199X if Quicken didn't force me to upgrade just
to get automatic quotes) so the process is to initiate a "Cash
Transferred out of Account" transaction then make the "Transfer
Account" (the account receiving the cash) the same account as the one
you're in. The effect of such a transaction - and Quicken has been
consistent in its application for as long as I can remember - is a
reduction in cash in the transferring account and a reduction in net
worth, i.e.,:
Debit Net Worth $100
(Reduction)
Credit Brokerage Account Cash $100
(Reduction)
Without having Q2007 installed I'm not sure exactly how you'd do it in
that version, but I'd guess that it *can* be done.
Tom Young
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