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Non-taxable Mutual Fund Merger in Quicken

In Quicken, how do I represent the merger of two mutual funds where shares of an existing fund are exchanged for shares of a new fund at a rate of .64126002 new shares for each old share such that merger-exchange is represented as a non-taxable transaction.

If I use a combination of Sell and Buy or Move Shares-Out and Move Shares-In transactions to denote the exhange, the registers for new and old come out nice and neat but in a report Quicken indicates a Realized Gain/Loss at the time of the transaction(s) which needs to represent as gain/loss neutral. (No gain/loss until I actully sell shares of the new fund.)

I can get around the Realized Gain/Loss issue if I use a Stock Split transaction to denote the exchange of shares in the original register and then continue to use the original register for new fund transactions. The problem with this approach is the new fund has a different stock symbol than the old fund.

Is there a straight forward method to represent this transaction or am I going to have to scribble notes in the margins of an investments transaction detail report to indicate that a realized gain/loss actually isn't until I actually sell the new fund shares?

I've been struggling with this one for days now, any help would be greatly appreciated.

Dennis van Dam

Quicken 2000 on a Mac

Reply to
Dennis van Dam
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From Mike B's post on 6/1 regarding the same problem:

"Check out the Corporate Acquisition transaction in Quicken. It works for this type of scenario."

-- vcard

Reply to
vcard

replying to vcard, Megan wrote: "Mutual Fund Conversion" transaction did the trick for me.

Reply to
Megan

Quicken 2017 Premier Version R6 The transaction drop-down list does not include Mutual Fund Conversion. It does have Mutual Fund Name Change. But that does not include the fields noted above.

Reply to
Fred Jacobowitz

"Fred Jacobowitz" wrote

Quicken 2017 Premier Version R6 The transaction drop-down list does not include Mutual Fund Conversion.

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Yes it does, if you start with the "Enter Transactions" button.

Reply to
John Pollard

Checking right now. Hmmm. I wish I can attach a screen shot. What am I doing wrong.

1)Select a Mutual Fund Account 2)Select "Enter Transactions" which is adjacent to "Holdings" 3)Select the drop-down arrow in the "Enter Transaction" field. I see Buys-Shares Bought Sell.. Div.. Reinvest.. Inc.. Add .. Remove.. Adjust Share Balance Stop Split Return of Capital Shares Transferred Between Accounts Mutual Fund Name Change Reminder Transaction

Do you have other entries?

Thank you,

Fred J.

Reply to
Fred Jacobowitz

"Fred Jacobowitz" wrote

Checking right now. Hmmm. I wish I can attach a screen shot. What am I doing wrong.

1)Select a Mutual Fund Account 2)Select "Enter Transactions" which is adjacent to "Holdings" 3)Select the drop-down arrow in the "Enter Transaction" field. I see Buys-Shares Bought Sell.. Div.. Reinvest.. Inc.. Add .. Remove.. Adjust Share Balance Stop Split Return of Capital Shares Transferred Between Accounts Mutual Fund Name Change Reminder Transaction

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Is your Quicken account a "Single Mutual Fund" account? See the Display tab of the Edit Account Details dialog for the account.

A Quicken Single Mutual Fund account can never contain more than one security; the first security seen by the account.

The Mutual Fund Conversion transaction intends to "convert" an "Existing fund" to a "New mutual fund": that can not happen in a Single Mutual Fund account, as it calls for having two securities in the account.

You can remove the Single Mutual Fund characteristic from the account on that same Display tab of the Edit Account Details dialog. Just to be safe, I would backup first.

Reply to
John Pollard

"John Pollard" wrote

The Mutual Fund Conversion transaction intends to "convert" an "Existing fund" to a "New mutual fund": that can not happen in a Single Mutual Fund account, as it calls for having two securities in the account.

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I don't have your original post in this discussion so perhaps the following is redundant, but here's a discussion on the subject of Corporate Acquisition vs Mutual Fund Conversion.

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Reply to
John Pollard

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