A couple months ago I bought 200 shares of GE and just sold them. The quicken 2009 download registered it as a sale of 201 shares. There was a reinvested dividend of 1.61551 shares on 7/30. I think the sell got rid of 201 shares, some fractal amount is left?
The main thing I don't get re quicken is why there is a placeholder entry for -0.00049 shares. In the same trx it says "placeholder entry for holdings amount of201.61551 shares. I don't have a clue what to do with that.
Is this the best place for these kinds of questions? These ng used to be very active but traffic seems to have fallen off drastically.
As we say so often here, this is a 2-step transaction:
Step 1: Understand what happened in the Real World.
Step 2: Record THAT in Quicken.
Trying to do Step 2 before Step 1 will just get you in trouble and you'll have to start over.
You won't be able to properly record what happened until you understand this dividend and how it affects you.
I also bought some shares of GE in June, but I didn't receive that dividend. GE's Dividend History web page
formatting link
) does not show any such dividend on 7/30, although there was one, for 10 cents cash per share, paid on 7/27/09. Were you holding your shares in an account with instructions to automatically reinvest any dividends received? At $0.10 per share, 200 shares would have entitled you to $20.00 cash dividend. The market value was about $13 per share, so $20 might have bought 1.61551 shares at that time. And you MIGHT have 0.61551 shares left, at a basis of about $13 per share or about $8. Your basis for the 1 share sold (in addition to the original 200 shares) would have been about $12, giving you little or no gain or loss for that one share. If you tell us more about that "reinvested dividend", we may be able to help you understand what actually happened.
I also have noticed that traffic here - and on just about all of the dozens of newsgroups I follow - has fallen off a lot recently.
BeanSmart website is not affiliated with any of the manufacturers or service providers discussed here.
All logos and trade names are the property of their respective owners.