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Posted by JW on April 22, 2008, 1:12 pm
Please log in for more thread options > JW wrote:
>> I'm using Quicken 2004 Deluxe. I've been using Quicken to track an IRA
>> account for a number of years. Up to this point, the account has
>> contained only one mutual fund. I recently added two additional
>> mutual funds to the IRA. I'm now trying to enter these into Quicken.
>> When I click on "Enter Transactions", the "Security Name" window and
>> drop-down arrow are grayed-out, and do not allow me to select or add
>> any new securities. I have not found anything that will make this
>> window available to me.
>> I've got a second, separate IRA account, and the "Security Name"
>> window has always been available for selecting or adding new
>> securities. I'm sure it's something I did wrong when I set up the
>> first IRA account, but I have not been able to fix it. All help is
>> appreciated. Thanks.
>
> One possible reason for your problem is that the Quicken account may be
> defined (directly, or indirectly) as a "Single Mutual Fund" account. Such
> Quicken accounts can never hold more than one security, and can never have
> a cash balance.
>
> If the account is defined as a Quicken IRA account, I think you are out of
> luck for using that same account to hold more than one security (and the
> Single Mutual Fund characteristic is probably a carryover from an account
> originally created as a SMF account, which was not a Quicken tax-deferred
> account, then later converted to a Quicken IRA account). You would have
> to create a new Quicken IRA account, transfer the security from the old
> Quicken account to the new ("Shares transferred between accounts"), then
> acquire the new securities in the new account.
>
> If the account is currently defined as a Single Mutual Account, you should
> be able to modify that characteristic in the Account Attributes pane of
> the Summary tab of the account. One line in that pane would be labelled
> "Single Mutual Fund?" followed by a clickable value of "Yes". If you
> click on "Yes", Quicken should offer to alter the account to allow it to
> hold multiple securities (and change the clickable value from "Yes" to
> "No").
>
> --
>
> John Pollard
> First initial underscore Last name at mchsi dot com
> Please reply to newsgroup
John -
Thanks very much for your response. You were dead-on, and I got lucky. Your
response reminded me that I had only recently converted this account to an
IRA account within Quicken. I found an older back-up file, prior to this
conversion. When I restored it, the "Single Mutual Fund?" attribute
magically returned to the Summary tab. I was able to change it from "yes" to
"no", allowing me to add the new securities. For some reason, the Quicken
function to convert the account to an IRA account eliminated the "SMF"
attribute, which probably makes sense to somebody, but not to me. I had some
back data to enter, but nothing like re-creating the account. Without your
response, it would have never occurred to me to check that old back-up. You
saved me a ton of work. Tonite's first drink is on me.<G>
Thanks again,
JW
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