Entering Security Swap With Limited Info

Posted by Ira on June 23, 2009, 9:33 am

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Greets,

Some of my mutual funds have, in recent days, swapped. All I get
from the broker is that the shares have been exchanged, and they seem
to be 1 for 1.

Quicken tries to simply do a REMOVE and then an ADD, but I suspect
that I lose all tracking of basis this way. Does anyone know the most
expeditious way to enter an exchange, in quicken, from, let's say,
128.134 shares of PTTAX for 128.134 shares of PTTPX?

Thnks!

Posted by danbrown on June 23, 2009, 10:19 am

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How about a 1 for 1 "Corporate Acquisition"?

db

Posted by Ira on June 23, 2009, 9:59 pm

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Nope because Quicken ALWAYS has to ask irrelevant supplemental
MANDATORY questions. In this case - ""price per share for acquiring
company" may not be left blank, even if 1:1 is put in.

wrotf:

>How about a 1 for 1 "Corporate Acquisition"?

>db

Posted by ebloch on June 23, 2009, 4:37 pm

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1. "Remove - Shares Removed" but first note total cost and purchase date
2. "Add - Shares Added" and enter total cost and date acquired.

You can add a "Memo" to tie the remove-add pair together if needed.

Yes, if you do not use average cost (available for Mutual funds only) you
really do need a set of entries for each acquisition UNLESS you intend to
sell the new shares all in one batch.

Eric

> Greets,

> Some of my mutual funds have, in recent days, swapped. All I get

> from the broker is that the shares have been exchanged, and they seem

> to be 1 for 1.

> Quicken tries to simply do a REMOVE and then an ADD, but I suspect

> that I lose all tracking of basis this way. Does anyone know the most

> expeditious way to enter an exchange, in quicken, from, let's say,

> 128.134 shares of PTTAX for 128.134 shares of PTTPX?

> Thnks!

Posted by Ira on June 23, 2009, 9:59 pm

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Nope - been on Dividend Reinvestment for a decade. <sigh>

wrotf:

>1. "Remove - Shares Removed" but first note total cost and purchase date

>2. "Add - Shares Added" and enter total cost and date acquired.

>You can add a "Memo" to tie the remove-add pair together if needed.

>Yes, if you do not use average cost (available for Mutual funds only) you

>really do need a set of entries for each acquisition UNLESS you intend to

>sell the new shares all in one batch.

>Eric

Entering Security Swap With Limited Info - HELP?!