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Cost basis in Portfolio view lost

I am using Q2003D and am experiencing a problem I cannot seem to resolve.

Recently I switched brokerage firms. I transferred all assets from one firm to another. Since the portfolio remained as it was, I simply changed the name of the account to the new broker. The new broker allows me to download the data on my account directly into Quicken. After the first download, I noticed that when I am in the Investing Center and viewing the account by 'portfolio value' that the cost basis column now shows 0 rather than the cost basis it had shown in the past. When I view a security in that account which has been affected, the info when the stock was purchased is still there (but shows 'shrsin' rather than what I believe it should say, 'buyx' which is shown for recent purchases through the new broker). When I check the portfolio register for that transaction and edit, the info shown is correct for date, # shares and cost basis. I changed the 'shrsin' action to 'buy' but that didn't change anything. I still cannot see portfolio value as I had before to show loss/gain when I download stock info.

I hope this is clear and someone might have a suggestion on how to get my info back where I want it. Regards, Don Miller

Reply to
Don
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Was it the same security, say 123 shares of IBM, that just got moved from the original brokerage house to the new one? Or were they different? In the latter case, you probably have to sell the shares with the proceeds going into your checking account and separately buy the new shares using your checking account. You could use a money market account with check writing anywhere instead of a checking account. That transaction is most likely a taxable event.

_____________________________________________ Bill Plummer and Connie Laubach, 7 Country Club Dr., Chelmsford, MA 01824

Reply to
Stubby

I don't agree; transferring assets from one brokerage to another rarely requires selling anything (possibly fractional shares) and shouldn't be a taxable event.

OP did not make clear whether "SharesIn" transactions were transactions downloaded by new brokerage. If so, the new brokerage probably anticipated that op would use a "Shares transferred between accounts" transaction in Quicken to transfer shares to a *new* Quicken account. If op had used a "Shares transferred between accounts", that would have created one SharesIn transaction in the new brokerage account for every lot in the old brokerage account, with the correct cost basis and date acquired ... and when the real-world transactions were downloaded from the new broker, they would have matched the ones already in the new brokers Quicken register.

But op said no new account was created; the old account was just renamed. In that case, any downloaded "SharesIn" transactions from the new broker were probably unnecessary and could be deleted ... in any event, new broker would not know cost basis or date acquired for lots coming from old broker, so downloaded SharesIn transactions would have to be manually corrected to get correct cost basis/date acquired.

Reply to
John Pollard

True. Unfortunately, it would also forever screw up the Investment Performance report, a bug that Intuit still hasn't dealt with.

Reply to
Steve

The sucurities were the same. All I did was change the name of the brokerage account from "A" to "B". I did nothing to any of the shares. In my mind this should have been a 'clean' change. But when I started to download data from the new account, "B", when I am in portfolio view all the cost info is 0.00.

This is really strange and maybe I need to sell the shares on the original buy date then re purcahse them on that date. Think that might get Quicken over this issue?

D> D> > I am using Q2003D and am experiencing a problem I cannot seem to > > resolve. > >

Reply to
Don

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