Q03 Basic - IRA Xin problem?

Question

I have 2 IRA's, for which I set up Quicken accounts in Q00. Now using Q03 Basic. One account is now an "IRA" type account, and all the "X" transaction types are missing (BuyX, CGShortX, Xin, etc.). The other account is still an "Invest" type account, and the "X" transactions are still present.

I am updating the info in the accounts, adding transactions from my pre-Quicken days. In the IRA account, I removed the original Xin transaction that had established the initial cash balance. As I said, the X transactions are not in the register so I didn't think I could re-create the Xin. However, on the "Record Transaction" menu I found "Transfer Cash In". When I fill out this box (using a date in 1999, Amount, Transfer Account, and Tax Year), I get the error

"Please enter a number from 2002 to 2002." If I then change the tax year to 2002, it will say "Please enter a number from 2005 to 2005." Change it to 2005, and it asks for 2002 again. And so on.

So I can't get that initial cash into the account. In the archives of this group, I found this problem reported a few times but no one ever gave a solution. As a workaround, I've done a ShrsIn of a security for the appropriate dollar amount, followed by a Sell of that security to create the cash.

So my questions are:

Why doesn't the IRA account have the X transactions in the register?
Is "Transfer Cash In" broken? Is this a known bug? I have Q05 but do not have the time to upgrade right now. Has this apparent bug been fixed in Q05?

John Pollard · Accepted Answer

I don't know. Probably a conversion problem. Depending on the extent of the loss, you could consider re-installing your older version, exporting from the old IRA account to QIF, then creating a new investment account in Q2003 and importing the QIF file there.

I have never used Q2003, but yes there are problems reported with Quicken's handling of tax year. But I have reported solutions to the problem for a couple of versions on more than one occasion, solutions that I think would probably work for you too.

Starting with a comment on what you did do: I would have just entered a Miscellaneous Income transaction categorized to the IRA account ... if I could not get the cash in the account in any other way.

But, generally, the workaround for the tax year problem is to enter the transfer of cash in the non-IRA account where the cash came from: in my experience, the tax year problem has been limited to transactions entered directly into the investment account. (Note that you will not be able to modify the resulting investment account transaction, as you will run into the same tax year catch-22).

Q03 Basic - IRA Xin problem?

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