performance measure on unrealized gain

Discussion in 'Quicken' started by DC Gringo, Feb 20, 2004.

  1. DC Gringo

    DC Gringo Guest

    I have an investment account set up for a real estate partnership I'm in. I
    had a distribution of $y,000 which was completely reinvested. I have no
    "securities" set up on the assets that we buy and sell. I'm just added an
    _UnrlzdGain transation.

    My problem is that it doesn't show up in my Investing Center view screen as
    Gain/Loss or Gain/Loss %.

    How can I make that happen?
     
    DC Gringo, Feb 20, 2004
    #1
    1. Advertisements

  2. DC Gringo

    Fred Smith Guest

    In order to have an investment account, you must have entered a security.

    As you said, you received a distribution. So process it as such. The correct
    Action is ReinvDiv.
     
    Fred Smith, Feb 20, 2004
    #2
    1. Advertisements

  3. DC Gringo

    DC Gringo Guest

    Fred,

    So are you saying that I should enter each house we acquire (and sell) as a
    security?

    How is this possible as Quicken asks for a stock symbol.

    Then, how would I handle expenses? Perhaps with Misc Expenses transaction?

    _____
    DC G
     
    DC Gringo, Feb 23, 2004
    #3
  4. DC Gringo

    Fred Smith Guest

    It doesn't look like we are communicating.

    You said you had an investment account. But how do you have an investment
    account without a security? Do you just enter transactions into the cash
    portion of the account? If so, then why not use an asset account instead?

    In your first post, you said you had a real estate partnership. But in the
    next post, you said you acquire individual houses. Which one is it?

    If you have a partnership, I would set it up as a security. There's no
    problem if it doesn't have a symbol -- Quicken does not require it. Lots of
    people have securities for their own private companies. Then treat this like
    a stock -- you receive dividends, you purchase additional shares, you can
    value it (manually) periodically.

    If you actually own the real estate, I would set this up as an asset
    account.
     
    Fred Smith, Feb 24, 2004
    #4
  5. DC Gringo

    DC Gringo Guest

    Fred, thank you for your assistance, you've been very helpful.

    Yes, it's an investment account. I am involved in a real estate partnership
    that buys and sells houses. I am trying to integrate that a bit in my
    Quicken so I can keep track of the assets' performance at a high-level with
    just buy, sell, and overall expense transactions. (without having to go into
    the Quickbooks company file and combining the two outputs for a snapshot).

    If it becomes a pain, then I suppose I can just make the whole set of assets
    (all housing projects) one security and track it that way.

    I am close to pinpointing the problem. I put in a security (buying 1 share
    at $10k for example, and selling 1 share months later for $12k). It shows
    up in Capital Gains reports, but not in the Performance tab's Avg Annual
    Return (1y, 3yr, 5yr). Strangely enough, my Legg Mason account shows up,
    but neither my Scottrade or real estate partnership accounts show this Avg
    Annual Return. Again, everything shows fine when i run a separte Capital
    Gains report.

    _____
    Glenn
     
    DC Gringo, Feb 26, 2004
    #5
    1. Advertisements

Ask a Question

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

You'll need to choose a username for the site, which only take a couple of moments (here). After that, you can post your question and our members will help you out.