TIAA-CREF and Institution funds

If you're talking about retirement accounts, the capital gain/loss is irrelevant. If not, it proably was a tax free exchange (check your TIAA/CREF material that announced tha change). As far as the gains and reinvestments, again, not relevant in a retirement account, but would have been reported to you on a form 1099 if it was outside a retirement account.

SV

Gwen Morse wrote:

Thank you for this response. However, it doesn't really address my question.

To recap, in April 2007, TIAA-CREF converted all consumer mutual funds into institutional versions of similar mutual funds. I can't figure out how to record this exchange in quicken.

On 4/23/07 in the morning, I had 157.394 shares of TCEIX valued at $1654.76. Before the end of business that day, I had 146.310 shares of TCEIX valued at $1,654.76.

How do I represent that change in fund ticker and share number, in Quicken? I'm using Quicken Premier 2007.

Gwen

Gwen Morse wrote in news: snipped-for-privacy@4ax.com:

Can't you record that as a split?

Just sell all the old shares. Now you have a cash balance. Then buy the new ones with the cash.. The per-share price will be computed (you have entered $$ and number of shares in both cases).

SV

Gwen Morse wrote:

Assuming you do not already own any shares of the new fund in Quicken: try a Corporate Aqquisition.

New Fund bought Old Fund; 146.31 / 157.394 = .929578 shares of New Fund issued per share of Old Fund; New Fund priced at

This looks like it's working. Thanks!!! It's great to be able to update this!!!!

Gwen

-- Gwen Morse mailto: snipped-for-privacy@yahoo.com =-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=- "Love is a snowmobile racing across the tundra and then suddenly it flips over, pinning you underneath. At night, the ice weasels come." -- Matt Groening