Unrealized gain: how to record it

Discussion in 'Quicken' started by Z Man, Feb 7, 2005.

  1. Z Man

    Z Man Guest

    Each year I make a contribution to my 401k. I have invested $5,000 over the
    past few years. My 12/31/04 statement shows a market value of $5,400.
    Assuming this is just one fund, and nothing has been sold and no dividends
    or interest have been paid (but the fund has simply appreciated in value),
    how do I record the unrealized gain in Quicken, such that I retain the
    $5,000 historical cost, but still show the correct current value? I cannot
    find a spot to enter a 'market value' adjustment.
    Z Man, Feb 7, 2005
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  2. Z Man

    Mike B Guest

    Best thing to do is to enter the price history of the securities in your
    401(k) account. That way you will show the value of the 401(k) at market
    value but won't affect your real cost basis. You don't want to enter
    unrealized gains in your investment accounts, because that may also mean you
    having to enter unrealized losses at a later stage and that can turn very
    messy and is bad accounting practice anyway (unless you are keeping books
    for Enron).
    Mike B, Feb 7, 2005
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