Q08 advisory...."You Should use two transactions......"

Jun 27, 2008 5 Replies
27 years of record keeping of my Wendys stock, q'ly dividends, splits, and spin-offs boils down to the following Q08 advisory that blocks me from the sale of the last fraction share (0.646 shares) by the transfer company............. "You should use two transactions: one to remove the shares you hold and one to create your short position"

I've tried removal, sale, etc, but the above message pops up and prevents the transaction. Any thoughts on what might be the problem?



The WEN ledger probably is mucked up (it dates back to Quicken-DOS) and shows a cost basis of $213 and a loss of $195 for the fractional share. Current quotes for WEN around $28/share.



So, any thoughts/ideas on how to get rid of the fractional shares on the ledger, and close out the security?



Thanks in advance. Cheers, Jim


I would check the box Sell All Shares in this Account. This would tell you how many shares Quicken has. Probably a small rounding difference for the shares.

-----Original Message----- From: jimlarkey [mailto:jimlarkey_REMOVETHIS snipped-for-privacy@voyager.net] Posted At: Friday, June 27, 2008 2:22 PM Posted To: alt.comp.software.financial.quicken Conversation: Q08 advisory...."You Should use two transactions......" Subject: Q08 advisory...."You Should use two transactions......"

27 years of record keeping of my Wendys stock, q'ly dividends, splits, and spin-offs boils down to the following Q08 advisory that blocks me from the sale of the last fraction share (0.646 shares) by the transfer company............. "You should use two transactions: one to remove the shares you hold and one to create your short position"

I've tried removal, sale, etc, but the above message pops up and prevents the transaction. Any thoughts on what might be the problem?

The WEN ledger probably is mucked up (it dates back to Quicken-DOS) and shows a cost basis of $213 and a loss of $195 for the fractional share. Current quotes for WEN around $28/share.

So, any thoughts/ideas on how to get rid of the fractional shares on the

ledger, and close out the security?

Thanks in advance. Cheers, Jim

Did that already, no good. Also did the stuff that Intuit lists in there knowledgebase

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...still no good. Any ideas? Cheers, Jim

Oilcan wrote:

I have had similar problems, and have been able to resolve them by adding 0.000001 shares.

John B.

Thanks John, but adding (Alt+Z) 0.000001 did no good.

I'm thinking that Q08 doesn't like the range of the following data: a cost basis of $213 and a loss of $195 for the fractional 0.646 share (cost basis of $329/sh on $28 stock).

Any other tricks/ideas?

Thanks guys. Cheers, Jim

John Beurket wrote:

Solution.....Did a ShtSellX on the 0.646 shares, and the share balance was brought down to 0.00, closure.

Don't understand why a short sell would do this, but the math seems to work. Anybody have any insights in why this worked, appreciate a reply.

Cheers, Jim

jimlarkey_REMOVETHIS snipped-for-privacy@voyager.net says...

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