Funds that are sold to another company


R

Ron

I have a how-to question. My Safeco fund was sold to Pioneer Investment
Company last year. As a result, a tax-free reorganization occurred. My
question is: How do I record this in Quicken 2005 and still retain the
original cost basis?

Now, I have seen similar questions posted on this forum, but have not
yet seen a definitive answer. People seemed to go on a tangent about
other issues. So, I have one small request: Please only post answers
directly related to my question. Thanks in advance.
 
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M

Mike B

Ron said:
I have a how-to question. My Safeco fund was sold to Pioneer
Investment Company last year. As a result, a tax-free reorganization
occurred. My question is: How do I record this in Quicken 2005 and
still retain the original cost basis?
Is it still the same fund just managed by another company? If so at most a
new name is needed. If the fund actually changed and the ratio of shares in
one fund is different than the other fund, do a Corporate Acquisition to
reflect that.
 
W

William W. Plummer

Ron said:
I have a how-to question. My Safeco fund was sold to Pioneer Investment
Company last year. As a result, a tax-free reorganization occurred. My
question is: How do I record this in Quicken 2005 and still retain the
original cost basis?
Does it work to just rename the account that holds the shares?

Now, I have seen similar questions posted on this forum, but have not
yet seen a definitive answer. People seemed to go on a tangent about
other issues. So, I have one small request: Please only post answers
directly related to my question. Thanks in advance.
Beggars can't be pickers.
 
R

Ron

The ratio of shares are different now. I'll try what Mike B suggested:
Corporate Acquisition and see if that'll work. Thanks Mike B.

Ron
 
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R

Ron

Well, I tried Corporate Acquisition and nothing happened. I did it
several times and no transaction had taken place. Does Corporate
Acquisition function actually work in Q2005 Mac?
 

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