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Transferring Mutual Fund Shares Between Classes

I'm using Quicken2004 Deluxe, primarily to manage a portfolio of mutual funds. I can't figure out how to handle a recent transaction. Vanguard offers two classes in some of their funds - investor and admiral. Under certain circumstances, shares can be converted between them as a non-taxable event. Typically, it results in a significant change in share price and quantity of shares, but with no change in overall value. I cannot find a good way to handle that in Quicken. I tried "Shares Transferred between Accounts", but that moved each individual transaction. I can always sell and then buy, but that generates capital gains. I guess I can ignore that part, but it's going to lead to messy year-end reports. Any suggestions? Thanks for your help.

Reply to
Jerry
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Have "Class A" do a Corporate Acquisition of "Class B".

Reply to
John Pollard

Thanks for your response, but I can't get there. I saw where this was an option for individual securities, but the account in question is set up as an individual mutual fund. My drop-down "Transactions" menu for this account does not offer Corporate Acquisition as an option. How do I get there? Thanks.

Reply to
Jerry

Change the account so it's not a Single Mutual Fund account. In tha Account Attributes pane on the Summary tab of the account, in the box labelled "Single Mutual Fund?", click the word "Yes".

Reply to
John Pollard

Jerry -

I had a similar problem - in order to access the "Corporate Acquisition" transaction the investment cannot be classified as a "Single Mutual Fund" - unfortunately there is no way to change it once it is set up (or at least there wasn't in Quicken Deluxe 2005). So I ended up redoing the entire investment from scratch including all the transactions and setting it up as a "Brokerage" account instead of "Single Mutual Fund". Then using the Corporate Acquisition" transaction. Time consuming but it worked. Also learned not to use SMF in the future! Good luck.

Art

Reply to
Art

Same option I mentioned in earlier post in this thread, to convert an account from SMF to non-SMF, exists in Q2004, Q2005 and Q2006.

You do have to go to the correct spot or you will not get the option.

I concur.

Reply to
John Pollard

John - Thanks very much for your help and your patience. It worked like a charm when you know what you're doing. Thanks again, Jerry.

Reply to
Jerry

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