Handling Conversion Regular Fund to Admiral Shares

I would not expect the downloaded transactions to produce correct results.

I think you're right. But backup first.

Use the Quicken Corporate Acquisition transaction. Have the Admiral shares fund acquire the Investor shares fund.

The result should be: one Remove Shares transaction removing all your Investor shares; and multiple Add Shares transactions (one for each lot of Investor shares you held).

jc, will this preserve the cost basis of the original fund?

Yes. The Quicken generated Add Shares transactions use the cost basis from the lots of the original transactions ... which is why users need to use the Corporate Acquisition.

Quicken has the cost basis for previously purchased shares (assuming the user recorded those purchases, including reinvestments, in Quicken) and Quicken uses that basis in the Corporate Acquisition (and Shares Transferred Between Accounts). The financial institutions often do not have the cost basis for all previously purchased "lots"; and even when they do (in my experience), they typically do not apply that knowledge when they download such events as share conversions.

I forgot to add: in addition to using the cost basis from each lot of the old security, the new Quicken Add Shares transactions use the purchase dates of the original lots as the "Date acquired" ... so the short-term/long-term characteristic is maintained.

Thanks for trying to help. However I do not see a "corporate acquisition" transaction on the choices of transactions.

It's there, unless you have a Single Mutual Fund account (if you do, you'll have to remove the Single Mutual Fund designation (found in the Edit Account Details dialog for the account).

Click the "Enter Transactions" button, then look in the resulting "Enter transactions" dropdown.

I suggest doing a backup before entering pseudo-transactions like this one, which can generate lots of individual true-transactions.

Thanks

If all Inflation shares bought more than one year ago and you use average cost, not FIFO OR LIFO, than can treat as all shares as one lot.

Do a share removal on Inflation and then a shares added of Admiral at reported quantity at same total cost of shares removed and purchase date for last shares added. This is a simple exchange without tax consequences. Total cost of original shares is the same total cost of new shares.

Thanks John. You really need to write the book.