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Subject Author Date
Quicken 2006 Premium - Transferring Funds JCO 11-16-2006
Posted by JCO on November 16, 2006, 4:09 pm
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How do you transfer funds directly from one mutual fund to another?



Posted by John Pollard on November 16, 2006, 5:18 pm
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> How do you transfer funds directly from one mutual fund to
> another?

You don't.

Care to elaborate on what real-world event you are trying to
replicate in Quicken?


--
John Pollard
First initial underscore Last name at mchsi dot com
Please reply to newsgroup



Posted by John Pollard on November 16, 2006, 5:27 pm
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>
>> How do you transfer funds directly from one mutual fund to
>> another?

> You don't.
>
> Care to elaborate on what real-world event you are trying to
> replicate in Quicken?

Ahhh, maybe I already know. I just happened across a post of
yours from a day or so ago.

Are you asking about the same thing you were asking about then
(as below)?

------------------------------------------------
I'm using Quicken 2006 Premium.
I have a mutual fund that has merged with another existing fund.
How do I
zero one fund to start the new fund with out Quicken thinking
that I owe a
Capital Gains.

Background Info:
On 10/31/06, Mutual Fund Janus Olympus (33.50/share) merged with
Janus Orion
(9.49/Share).
---------------------------------------------------

I think these are usually handled with a "Corporate Acquisition"
transaction.

But if I'm wrong, there are surely folks here who can correct
me.

--
John Pollard
First initial underscore Last name at mchsi dot com
Please reply to newsgroup






Posted by JCO on November 17, 2006, 11:30 am
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I can't seem to find "Corporate Acquisition" as a transaction. I did see
"Shares Transferred Between Accounts" but I'm not sure that will work.
"Corporate Acquisition" shows up in the help. It says that it should show
up as a transaction, ie; similar to a Buy or Sell. But it is not showing
up.



>
> >
> >> How do you transfer funds directly from one mutual fund to
> >> another?
>
> > You don't.
> >
> > Care to elaborate on what real-world event you are trying to
> > replicate in Quicken?
>
> Ahhh, maybe I already know. I just happened across a post of
> yours from a day or so ago.
>
> Are you asking about the same thing you were asking about then
> (as below)?
>
> ------------------------------------------------
> I'm using Quicken 2006 Premium.
> I have a mutual fund that has merged with another existing fund.
> How do I
> zero one fund to start the new fund with out Quicken thinking
> that I owe a
> Capital Gains.
>
> Background Info:
> On 10/31/06, Mutual Fund Janus Olympus (33.50/share) merged with
> Janus Orion
> (9.49/Share).
> ---------------------------------------------------
>
> I think these are usually handled with a "Corporate Acquisition"
> transaction.
>
> But if I'm wrong, there are surely folks here who can correct
> me.
>
> --
> John Pollard
> First initial underscore Last name at mchsi dot com
> Please reply to newsgroup
>
>
>
>
>



Posted by John Pollard on November 17, 2006, 12:12 pm
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> I can't seem to find "Corporate Acquisition" as a transaction.
> I did see
> "Shares Transferred Between Accounts" but I'm not sure that
> will work.
> "Corporate Acquisition" shows up in the help. It says that it
> should show
> up as a transaction, ie; similar to a Buy or Sell. But it is
> not showing
> up.

Sounds like you have setup your Quicken accounts as Single
Mutual Fund accounts; since those accounts can never hold any
security other than the one you setup the account for, you can't
do a Corporate Acquisition there. You can switch the account to
a "Brokerage" account (Summary tab, Account Attributes, Single
Mutual Fund=Yes), but you I don't think you will be able to
switch it back if you do a Corporate Acquisition in it.



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