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Quicken 2010 Cost Basis problem

I upgraded to 2010 from 2007 about 3 weeks ago. After doing a Year End Net Worth, I found the figure was off by a considerable amount. A little tracking and I found that the Cost Basis for most of my Investment accounts is completely wrong. Haven't figured out why yet but I did determine that by deleting the transaction and re-entering it, Quicken appears to take the now re-entered information into account. I only did this for 2 transactiona and can't be certain the re-calculation is correct, however, it is clear the cost basis changes once i do this delete and re-enter. The main problem here is that I can't see myself doing this for each of the literally hundreds of transactions I have in each investment account. Validation and Super- Validation do not solve the problem and no errors are reported. Anyone else seeing this? If so, any solutions?

Regards and Happy New Year to everyone.

Reply to
granpoob
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I've forgotten the details, but this sounds like a bug that was discovered having to do with reconciling investment accounts.

If I recall, you could restore the correct cost basis by just selecting the transaction, clicking Edit, then clicking OK. If that doesn't work, you can try Cut/Paste.

And if it is the reconciles that are causing the problem, stop reconciling until there is a patch. I believe R4 is due out before the end of February - though I don't know whether it will address this issue.

Reply to
John Pollard

That jogs my memory ... and a much better approach.

Reply to
John Pollard

Hi, John.

This cost basis problem happened to me today. I had sold one and bought 2 stocks on December 28, 2009. At first, the Portfolio listing showed them correctly. But today, basis on one of my new purchases was zero and the other was $303 when it should have been over $7,000.

I had orig>> I upgraded to 2010 from 2007 about 3 weeks ago. After doing a Year End

Reply to
R. C. White

That's interesting. Up to now, I don't recall reading from anyone who could pinpoint the timing as you have. And, if the cause of the problem is reconciling, I'm not clear why the delay in the appearance of the problem.

Just so I understand a bit better; did the problem only occur for transactions that got reconciled (whose cleared status got changed from blank or "c", to "R") ... not to transactions that were already reconciled at the time you did the most recent reconcile?

You're welcome.

I give at least half the credit to Tod for remembering the "recalculation" method for recovery. I had read of it, but forgot when I posted here. If the problem should occur to many transactions in the account, the CTRL+Z (recalculation) approach could save quite a bit of manual effort. [I try to remember to tell folks to backup before doing things like recalculating a register ... just in case. I suspect you don't need such a caution.]

Reply to
John Pollard

Oops! Got interrupted...

Should say, "then OK, without changing anything. Then the Portfolio view showed

RC

Reply to
R. C. White

Hi, again, John.

Right. Reconciling to the paper statement (actually, printed by me from a download) is probably redundant as I'm moving more into the online mindset. But the cost changes in the Portfolio listing happened only to the two stocks that I purchased last week - and those were my only two securities purchases for all of 2009.

I also forgot the Ctrl+Z approach - if I ever knew it - and didn't reread this later message until after I already did the Edit/OK steps.

Everything looks OK now, and Intuit will probably have this bug fixed before I buy any more stocks. ;

Reply to
R. C. White

In todays update to v 4,, Quicken claims that this has been fixed.

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Reply to
Marv

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