Back on April 12, 2007 QQQ changed its symbol to QQQQ. Back then I believe I did a 'Corporate Name Change'. The result was that Quicken sold my shares of QQQ and bought the same shares of QQQQ.
Doing this seems have have screwed up my cost basis for QQQQ giving it a cost basis of $0. I've ignored it up to this point but finally want to fix it. Is there anything I can do?
Jeff
Jeff Harris wrote in news:67703a25-3e66- snipped-for-privacy@c36g2000prc.googlegroups.com:
I would have just changed the symbol and or name.
As Han suggested, I think you should have just changed the ticker symbol in Quicken, and said "yes" when Quicken offerred to copy the prices for the old symbol over to the new symbol.
I don't think any version of Quicken has ever implemented a Corporate Name Change with Buy/Sell transactions. I think a Quicken Corporate Name Change does the same thing you'd do if you opened the Security List and changed the name of the Security ... except Quicken's Corporate Name Change also adds a Reminder transaction in your investment account register for the date you did the name change.
If you had said Quicken generated Shares Removed and Shares Added transactions, I would have guessed you did a Corporate Acquisition, which you might be able to recover from by deleting those transactions. There would be one Shares Removed in each account where you held the security, plus one Shares Added for each lot held in each account.
[If the Shares Added transactions have $0.00 for Total Cost, that would cause your Cost Basis to be $0.00.]Have something to add? Share your thoughts — no account required.
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