![]() ![]() Although I would do a backup immediately before I try it for the first time, until I actually make sure it works correctly. Not a big deal, but I now think the first way is far better and will use that in the future. However, if you use the IRR report, this method does incorrectly show the two funds at security level detail (while still correctly showing IRR for total investment account). And if taxes are an issue, you have to enter the lots correctly. That also works, in terms of not incorrectly reporting gains and in terms of correctly stating cost basis. What I had done instead was to use the Add/Remove shares option. I've had maybe 4 of these conversions in the last decade. If you just use the drop-down "Action" in the investment register, that choice oddly does not appear. Quicken will do the conversion.įrankly, until I just double-checked my initial answer to your question, I had never seen this option. When you enter the conversion details, you enter 5 pieces of info: conversion date, existing fund, new fund, shares of new fund and price per share of that new fund after conversion. ![]() Set up the post-conversion mutual fund first, then do this step. Click on it, and then from the drop-down menu, there is a long list that includes "Mutual Fund Conversion". If you go into your investment register, there is an "Enter Transaction" button (towards the top of that screen, immediately under the register name). ![]()
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