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Posted by oldman on August 22, 2008, 2:06 pm
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John,
Thanks for the response. I know what to do now. however, it seems
that when the shares are transferred you loose the original
transaction date. Is the a way to keep the date? I have restored to
my original file because of this problem.
Oldman
wrote:
>oldman@old.net wrote:
>> We each have two IRA accounts at the same broker. Since I will
>> be
>> taking MRD's next year and to make things simpler we are
>> having the
>> broker on his system combine each of our two IRA accounts into
>> a
>> single account. We would like to do the same with Quicken v
>> 2008.
>>
>> Can someone please provide the steps to take to accomplish
>> this task.
>
>Try using the Quicken investment transaction, "Shares
>transferred between accounts", to "move" the Quicken holdings
>from one Quicken IRA account to the other.
>
>If you have any cash in the FROM account, you can move that with
>a Quicken "Cash transferred out of account" transaction, though
>Quicken might ask you if the "deposit" in the TO account is a
>"contribution". I don't think it matters if Quicken thinks it's
>a "contribution" (I can't find any evidence of what Quicken does
>with that info), but there is a way to avoid the question
>altogether.
>
>You can create a dummy security, call it "Dummy Cash Security",
>for example (any name that will never be the same as any real
>security). Use the cash in the FROM account to "buy" shares of
>"Dummy Cash Security" at $1/share. Do that before you do the
>"Shares transferred between accounts" transaction, so the dummy
>cash security will get transferred along with all the other
>securities.
>
>Then in the TO account, "sell" all shares of "Dummy Cash
>Security" (at $1/share) to put the actual cash into the TO
>account.
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