Quicken 2006 Premium - Transferring Funds

"JCO" wrote

You don't.

Care to elaborate on what real-world event you are trying to replicate in Quicken?

"John Pollard" wrote

Ahhh, maybe I already know. I just happened across a post of yours from a day or so ago.

Are you asking about the same thing you were asking about then (as below)?

------------------------------------------------ I'm using Quicken 2006 Premium. I have a mutual fund that has merged with another existing fund. How do I zero one fund to start the new fund with out Quicken thinking that I owe a Capital Gains.

Background Info: On 10/31/06, Mutual Fund Janus Olympus (33.50/share) merged with Janus Orion (9.49/Share).

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I think these are usually handled with a "Corporate Acquisition" transaction.

But if I'm wrong, there are surely folks here who can correct me.

Sure! My other post that nobody answered stated this:

************* I'm using Quicken 2006 Premium. I have a mutual fund that has merged with another existing fund. How do I zero one fund to start the new fund with out Quicken thinking that I owe a Capital Gains.

Background Info: On 10/31/06, Mutual Fund Janus Olympus (33.50/share) merged with Janus Orion (9.49/Share). The merge makes it non taxable. Thanks

*************

Hope you notice the time stamp on my other post.

They came to me out of order. Sorry and thanks. I will look into it.

I can't seem to find "Corporate Acquisition" as a transaction. I did see "Shares Transferred Between Accounts" but I'm not sure that will work. "Corporate Acquisition" shows up in the help. It says that it should show up as a transaction, ie; similar to a Buy or Sell. But it is not showing up.

"JCO" wrote

Sounds like you have setup your Quicken accounts as Single Mutual Fund accounts; since those accounts can never hold any security other than the one you setup the account for, you can't do a Corporate Acquisition there. You can switch the account to a "Brokerage" account (Summary tab, Account Attributes, Single Mutual Fund=Yes), but you I don't think you will be able to switch it back if you do a Corporate Acquisition in it.

Then I will simply do a Remove Shares / Add Shares to the new account and disregard that part of the Capital Gains report. Thanks anyway.