My 529 plan recently moved all shares from the "Moderate Growth" to the "Conservative Growth" sub-fund, resulting in a different number of shares and a different average price.
How would I reflect this in Quicken 2007 Premier?
Gwen
Quicken 2007 Premier - 529 plan fund changes
Aug 18, 2008
3 Replies
If I sell and then buy new shares in a "mutual fund account" (which is how I track my 529 plan), won't that result in quicken thinking I owe taxes?
Gwen
If your account in Quicken is designated as a "Single Mutual Fund" account (SMF), you can only hold 1 security -- the original -- in that account EVER! So you won't be able to buy the "Conservative Growth" fund.
SO, first things first, turn off the SMF attribute. You can do this in the "Account Attributes" box on the "Summary" tab of the account. While you're there, make sure that the "Tax Deferred" attribute is set to YES. This will prevent Q from "thinking that you owe taxes".
Then, do the sell and buy as recommended above.
db
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