Stock account transfer

Posted by shakey on February 21, 2008, 1:13 pm

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Using Quicken 2006 Deluxe. I have a brokerage account with four stocks in
it. I have a second account consisting of only one stock. I am about to move
the one stock to the larger account but have no idea how to make it retain
all info (trades,divs,etc) and appear as stock number five with the
brokerage. Everything is in the investing center section of one file.
Suggestions or where to look.
Thank you
SG

Posted by R. C. White on February 21, 2008, 4:51 pm

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Hi, Shakey.

Remember that Quicken should reflect Real Life. And my 2-step process:
1. Figure out what actually happened.
2. Record that in Quicken.

Are these two different accounts with the same broker? Or will one broker
send the stocks to another broker?

Quicken's Help file does include instructions that probably will help you.
I don't have Q2006 anymore, but in Q2008 Deluxe it's in Contents | Investing
| Entering investment transactions | How do I... | Transfer shares between
accounts. The Help file says that, "Cost basis will be transferred for all
securities that have been correctly set up."

If that does not answer your question, please post back with more details.

RC
--
R. C. White, CPA
San Marcos, TX
(Retired. No longer licensed to practice public accounting.)
rc@grandecom.net
Microsoft Windows MVP
(Currently running Quicken 2008 Deluxe in Vista Ultimate x64 SP1)

> Using Quicken 2006 Deluxe. I have a brokerage account with four stocks in

> it. I have a second account consisting of only one stock. I am about to

> move the one stock to the larger account but have no idea how to make it

> retain all info (trades,divs,etc) and appear as stock number five with the

> brokerage. Everything is in the investing center section of one file.

> Suggestions or where to look.

> Thank you

> SG

Posted by shakey on February 21, 2008, 5:55 pm

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Thank you for the answer, I couldn't find that before but it is there in
2006 right where you suggested. I believe that will be exactly what I need.
FYI I am combining two brokerage accounts for simplicity, one will send
shares to other. One only holds shares and divs formed by becoming a public
insurance company, basis zero I assume. Other has multiple stocks actively
traded.
Shakey

> Hi, Shakey.

> Remember that Quicken should reflect Real Life. And my 2-step process:

> 1. Figure out what actually happened.

> 2. Record that in Quicken.

> Are these two different accounts with the same broker? Or will one broker

> send the stocks to another broker?

> Quicken's Help file does include instructions that probably will help you.

> I don't have Q2006 anymore, but in Q2008 Deluxe it's in Contents |

> Investing | Entering investment transactions | How do I... | Transfer

> shares between accounts. The Help file says that, "Cost basis will be

> transferred for all securities that have been correctly set up."

> If that does not answer your question, please post back with more details.

> RC

> --

> R. C. White, CPA

> San Marcos, TX

> (Retired. No longer licensed to practice public accounting.)

> rc@grandecom.net

> Microsoft Windows MVP

> (Currently running Quicken 2008 Deluxe in Vista Ultimate x64 SP1)

>> Using Quicken 2006 Deluxe. I have a brokerage account with four stocks in

>> it. I have a second account consisting of only one stock. I am about to

>> move the one stock to the larger account but have no idea how to make it

>> retain all info (trades,divs,etc) and appear as stock number five with

>> the brokerage. Everything is in the investing center section of one file.

>> Suggestions or where to look.

>> Thank you

>> SG