Investments: How to convert Class B to Class A?

I have the same problem. When I posted about 3 months ago, I didn't get any replies. Apparently this is not easy to do!!!!

I remember seeing this question answered a few times recently. I suggest you search the newsgroup archives at groups.google.com.

As far as I remember, the answer is to use the "Corporate Acquisition" action. This will change all your shares in the given fund (in all accounts) from class A to class B. Where it gets complicated is if you only want to change the class of some of your shares. In that case, I think the recommendation was to convert all shares and then remove the conversion for the shares that you want to leave alone.

Bob,

I do the following for this situation in Q2004:

1) Move the B shares out using a ShrsOut transaction, or whatever the equivalent is in Q2005. It'll ask me to select which shares to move out. I select FIFO, and on that form I can then see what the acquisition date and the cost for those shares was. I write them down. 2) Move the A shares in using ShrsIn. On the transaction form, there are fields for the Purchase Date and Total Cost. I enter there the numbers I wrote down from 1).

Cheers, AndyG

Thanks Andy,

"For mutual funds which use the average cost method of tracking cost basis, the Specify Lots button will be unavailable (gray) because it does not apply."

Apparently the account I sent up uses the average cost method, so it looks like I am out of luck as far as maintaining my cost basis info.

Bob

"Average Cost" is a characteristic of a "security", not an "account". You can change that characteristic if you have not already sold any shares using their "average cost"; if you do attempt to make that change, I would try it in a copy of your Quicken file first and checkout the results.

Also, lots are created by transactions that purchase shares; even if the Remove Shares dialog does not show you the lots you own, an Investment Transaction report for the security will.

Many people use a Corporate Acquisition to accomplish a conversion from one class to another - which does pretty much the same thing as you are attempting, but without you having to write down lot info or key in multiple Shares Added transactions. One possible drawback is that a Corporate Acquisition will apply to all shares of the acquired security in whatever account they are held.