Entering Security Swap With Limited Info - HELP?!

[Ira]

Greets,

Some of my mutual funds have, in recent days, swapped. All I get
from the broker is that the shares have been exchanged, and they seem
to be 1 for 1.

Quicken tries to simply do a REMOVE and then an ADD, but I suspect
that I lose all tracking of basis this way. Does anyone know the most
expeditious way to enter an exchange, in quicken, from, let's say,
128.134 shares of PTTAX for 128.134 shares of PTTPX?

Thnks!

 

[danbrown]

How about a 1 for 1 "Corporate Acquisition"?

db

 

[ebloch]

1. "Remove - Shares Removed" but first note total cost and purchase date
2. "Add - Shares Added" and enter total cost and date acquired.

You can add a "Memo" to tie the remove-add pair together if needed.

Yes, if you do not use average cost (available for Mutual funds only) you
really do need a set of entries for each acquisition UNLESS you intend to
sell the new shares all in one batch.

Eric

 

[Ira]

Nope because Quicken ALWAYS has to ask irrelevant supplemental
MANDATORY questions. In this case - ""price per share for acquiring
company" may not be left blank, even if 1:1 is put in.

 

[Ira]

Nope - been on Dividend Reinvestment for a decade. <sigh>

 

[TomYoung]

Greets,

Some of my mutual funds have, in recent days, swapped.   All I get
from the broker is that the shares have been exchanged, and they seem
to be 1 for 1.  

Quicken tries to simply do a REMOVE and then an ADD, but I suspect
that I lose all tracking of basis this way.  Does anyone know the most
expeditious way to enter an exchange, in quicken, from, let's say,
128.134 shares of PTTAX for 128.134 shares of PTTPX?

How about a simple corporate name change transaction? Put a note in
the memo field about what really went on.

Tom Young