"Jim T." wrote
My last request for help drew no answers, but here's a new one anyway. In implementing a new trust a new account at the brokerage was established. I don't know what the downloaded transaction to move the investments was but in quicken each was "removed" and then "added" without any cost. Now the basis shows a 0 in the portfolio. It also shows as 0 now in the security detail. It matters because I need that info in monitoring my investements. What should be the proper way to do this?
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You can not depend on the financial institution to correctly download the dates and cost of securities that were transferred.
Assuming that you the securities were "transferred" from a Quicken account which you were already maintaining, to some new account which you intend to maintain, do the following (preferably before downloading transactions to the new account - though you can delete any of those transactions that pertain to the transfer, if you have already downloaded them)
- backup
- create a new Quicken investment account that is NOT activated for downloading, if you have not already created that account and downloaded to it
- in the existing (the original) Quicken investment account, click the Enter Transactions button and select "Shares transferred between accounts"
- in the resulting dialog, select "All securities"
- select the new investment account you created above in the "Transfer account" dropdown
- Click Enter/Done
Quicken will create one Shares Removed transaction for every security in the old account, and one Shares Added in the new account for each lot transferred from the old account. The Shares Added transactions will be dated on the date of the transfer, but they will also contain the original "Date Acquired" and "Cost Basis" for every lot transferred.
Once you have verified that the new investment account contains the correct holdings as they were in the old account; if you have not already done so, you can activate the new account for downloading, and delete any downloaded transactions that pertain to the transfer of securities, as your new investment account should already be correct in that respect.