Need help creating Short Position in Quicken for Accepting Download

Apr 04, 2005 1 Replies

I have a problem.



I have a brokerage account with Fidelity for my Roth IRA.



This is what I did:



On one day I deposited $4000 into my brokerage core account, a money market account.



A few days later I bought $3000 worth of funds with $1000 left over from the core account.



Within the next few days I bought $1000 worth of funds and I liquidated a fund with the intention of using the cash from that sale to buy more of another fund I already own ($3175.55 worth). Because the second fund was not a "Fidelity family fund" I was required to park the money in the core account for a day or so before I could turn around and make the purchase, so I at some point my core account might have had $4175.55 in it.



When I down loaded my transactions from Fidelity, Quicken shows a short sell of $3000 and all my purchases.



It also shows a Sold of $3175.55 and Bought of $3175.55 respectively of the fund I liquidated and the fund of which I bought more shares.



It also shows the Bought of $1000 of the other funds I purchased.



So good, so far.



But then it shows a "Bought" into my core account of $2175.55 (not $3175.55 -the amount I parked there till I could make my purchase) and a Sold of $3185.55. It's this latter download Quicken will not let be accepted.



Every time I try to Accept it it says: "You should use two transactions: one to sell the shares you hold and one to create your short position."



So somewhere $1000 is not being accounted for as a Buy in my money market core account.



Plus I now also have a cash balance of $824.44 which is such an odd figure but if you add it to the $2175.55 it's almost $3000, which would match the short sell amount of $3000, but really I have no idea how to reconcile this.



Anyone have any ideas?



Thanks.


I know this isn't what you want to hear, but I would delete these and reenter them manually. I don't have Fidelity, but it sounds like the download thinks you sold shares instead of buying them. I had something like this happen once and I think that's what I did to fix it...

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