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Subject Author Date
TIAA-CREF and Institution funds Gwen Morse 02-11-2008
Posted by Gwen Morse on February 11, 2008, 5:37 pm
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 April of 2007, TIAA-CREF converted all consumer mutual funds to the
"Institutional" versions of the funds (with different tickers).

I'm updating my Quicken records (yes, I realize it's almost a year
ago), and I can't figure out how to record this. I see an option for
"Shares transferred between accounts", but, then, Quicken wants me to
set up a brand new account. It's not really a different account. It's
a switch from one mutual fund to another.

Is this considered a sale with the $$$ being invested in a new fund?
I'm leaning towards this as there are short term capital gains/income
reinvestments a few days before the xfer occurred. I'm not certain and
I'm wondering how to record this in quicken.

I have Quicken Premire 2007.

Gwen

Posted by Stevey on February 11, 2008, 6:27 pm
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 If you're talking about retirement accounts, the capital gain/loss is
irrelevant. If not, it proably was a tax free exchange (check your
TIAA/CREF material that announced tha change). As far as the gains
and reinvestments, again, not relevant in a retirement account, but
would have been reported to you on a form 1099 if it was outside a
retirement account.

SV


>April of 2007, TIAA-CREF converted all consumer mutual funds to the
>"Institutional" versions of the funds (with different tickers).
>
>I'm updating my Quicken records (yes, I realize it's almost a year
>ago), and I can't figure out how to record this. I see an option for
>"Shares transferred between accounts", but, then, Quicken wants me to
>set up a brand new account. It's not really a different account. It's
>a switch from one mutual fund to another.
>
>Is this considered a sale with the $$$ being invested in a new fund?
>I'm leaning towards this as there are short term capital gains/income
>reinvestments a few days before the xfer occurred. I'm not certain and
>I'm wondering how to record this in quicken.
>
>I have Quicken Premire 2007.
>
>Gwen

Posted by Gwen Morse on February 11, 2008, 7:18 pm
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wrote:

>If you're talking about retirement accounts, the capital gain/loss is
>irrelevant. If not, it proably was a tax free exchange (check your
>TIAA/CREF material that announced tha change). As far as the gains
>and reinvestments, again, not relevant in a retirement account, but
>would have been reported to you on a form 1099 if it was outside a
>retirement account.
>
>SV

Thank you for this response. However, it doesn't really address my
question.

To recap, in April 2007, TIAA-CREF converted all consumer mutual funds
into institutional versions of similar mutual funds. I can't figure
out how to record this exchange in quicken.

On 4/23/07 in the morning, I had 157.394 shares of TCEIX valued at
$1654.76. Before the end of business that day, I had 146.310 shares of
TCEIX valued at $1,654.76.

How do I represent that change in fund ticker and share number, in
Quicken? I'm using Quicken Premier 2007.

Gwen

Posted by Han on February 11, 2008, 8:31 pm
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> wrote:
>
>>If you're talking about retirement accounts, the capital gain/loss is
>>irrelevant. If not, it proably was a tax free exchange (check your
>>TIAA/CREF material that announced tha change). As far as the gains
>>and reinvestments, again, not relevant in a retirement account, but
>>would have been reported to you on a form 1099 if it was outside a
>>retirement account.
>>
>>SV
>
> Thank you for this response. However, it doesn't really address my
> question.
>
> To recap, in April 2007, TIAA-CREF converted all consumer mutual funds
> into institutional versions of similar mutual funds. I can't figure
> out how to record this exchange in quicken.
>
> On 4/23/07 in the morning, I had 157.394 shares of TCEIX valued at
> $1654.76. Before the end of business that day, I had 146.310 shares of
> TCEIX valued at $1,654.76.
>
> How do I represent that change in fund ticker and share number, in
> Quicken? I'm using Quicken Premier 2007.
>
> Gwen
>
Can't you record that as a split?


--
Best regards
Han
email address is invalid

Posted by Stevey on February 11, 2008, 9:30 pm
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Just sell all the old shares. Now you have a cash balance. Then buy
the new ones with the cash.. The per-share price will be computed
(you have entered $$ and number of shares in both cases).

SV


>wrote:
>
>>If you're talking about retirement accounts, the capital gain/loss is
>>irrelevant. If not, it proably was a tax free exchange (check your
>>TIAA/CREF material that announced tha change). As far as the gains
>>and reinvestments, again, not relevant in a retirement account, but
>>would have been reported to you on a form 1099 if it was outside a
>>retirement account.
>>
>>SV
>
>Thank you for this response. However, it doesn't really address my
>question.
>
>To recap, in April 2007, TIAA-CREF converted all consumer mutual funds
>into institutional versions of similar mutual funds. I can't figure
>out how to record this exchange in quicken.
>
>On 4/23/07 in the morning, I had 157.394 shares of TCEIX valued at
>$1654.76. Before the end of business that day, I had 146.310 shares of
>TCEIX valued at $1,654.76.
>
>How do I represent that change in fund ticker and share number, in
>Quicken? I'm using Quicken Premier 2007.
>
>Gwen

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