Non-taxable Mutual Fund Merger in Quicken

Discussion in 'Quicken' started by Dennis van Dam, Jun 2, 2005.

  1. In Quicken, how do I represent the merger of two mutual funds where shares
    of an existing fund are exchanged for shares of a new fund at a rate of
    ..64126002 new shares for each old share such that merger-exchange is
    represented as a non-taxable transaction.

    If I use a combination of Sell and Buy or Move Shares-Out and Move
    Shares-In transactions to denote the exhange, the registers for new and
    old come out nice and neat but in a report Quicken indicates a Realized
    Gain/Loss at the time of the transaction(s) which needs to represent as
    gain/loss neutral. (No gain/loss until I actully sell shares of the new
    fund.)

    I can get around the Realized Gain/Loss issue if I use a Stock Split
    transaction to denote the exchange of shares in the original register and
    then continue to use the original register for new fund transactions.
    The problem with this approach is the new fund has a different stock
    symbol than the old fund.

    Is there a straight forward method to represent this transaction or am I
    going to have to scribble notes in the margins of an investments
    transaction detail report to indicate that a realized gain/loss actually
    isn't until I actually sell the new fund shares?

    I've been struggling with this one for days now, any help would be greatly
    appreciated.


    Dennis van Dam

    Quicken 2000 on a Mac
     
    Dennis van Dam, Jun 2, 2005
    #1
    1. Advertisements

  2. Dennis van Dam

    vcard Guest

    From Mike B's post on 6/1 regarding the same problem:

    "Check out the Corporate Acquisition transaction in Quicken. It works for
    this type of scenario."

    --
    vcard

    "Dennis van Dam" <> wrote in message
    news:...
    > In Quicken, how do I represent the merger of two mutual funds where shares
    > of an existing fund are exchanged for shares of a new fund at a rate of
    > .64126002 new shares for each old share such that merger-exchange is
    > represented as a non-taxable transaction.
    >
    > If I use a combination of Sell and Buy or Move Shares-Out and Move
    > Shares-In transactions to denote the exhange, the registers for new and
    > old come out nice and neat but in a report Quicken indicates a Realized
    > Gain/Loss at the time of the transaction(s) which needs to represent as
    > gain/loss neutral. (No gain/loss until I actully sell shares of the new
    > fund.)
    >
    > I can get around the Realized Gain/Loss issue if I use a Stock Split
    > transaction to denote the exchange of shares in the original register and
    > then continue to use the original register for new fund transactions.
    > The problem with this approach is the new fund has a different stock
    > symbol than the old fund.
    >
    > Is there a straight forward method to represent this transaction or am I
    > going to have to scribble notes in the margins of an investments
    > transaction detail report to indicate that a realized gain/loss actually
    > isn't until I actually sell the new fund shares?
    >
    > I've been struggling with this one for days now, any help would be greatly
    > appreciated.
    >
    >
    > Dennis van Dam
    >
    > Quicken 2000 on a Mac
     
    vcard, Jun 2, 2005
    #2
    1. Advertisements

Want to reply to this thread or ask your own question?

It takes just 2 minutes to sign up (and it's free!). Just click the sign up button to choose a username and then you can ask your own questions on the forum.
Similar Threads
  1. Clifford F. Lewis

    Mutual fund merger

    Clifford F. Lewis, Dec 5, 2003, in forum: Quicken
    Replies:
    1
    Views:
    884
    R. C. White
    Dec 6, 2003
  2. Les
    Replies:
    2
    Views:
    635
  3. Don in San Antonio

    TIAA-CREF Mutual Fund Merger

    Don in San Antonio, May 5, 2007, in forum: Quicken
    Replies:
    9
    Views:
    356
    Don in San Antonio
    May 8, 2007
  4. Frustrated Microsoft Customer

    Cannot Input Mutual Fund Merger

    Frustrated Microsoft Customer, Jul 24, 2003, in forum: Microsoft Money
    Replies:
    1
    Views:
    193
    Dick Watson
    Jul 24, 2003
  5. kharms1969
    Replies:
    0
    Views:
    341
    kharms1969
    Mar 26, 2009
Loading...

Share This Page