manual addtion of shares in quicken 17 for mac doesnt update total shares

Addtion Of Shares In Quicken 17 Doesnt Total Shares Download Transactions From

We would like to know which of a few approaches would be most useful to you: Based on Security, move ALL transactions from one Account to another.

This would include current positions, closed positions, dividends, return of capital, splits, etc.

But the drawback is that it does not quite match what is happening in the real world, if you are switching to a different brokerage or advisor.

For example, if you want to look at the performance of your old advisor versus your new advisor, this would make it harder to see.

Another disadvantage is that if you move all of the history to the new account, then you connect to the FI for that account, they will probably send down a bunch of Add Shares transactions and you will essentially have duplicate data that you will have to clean up Based on Security, automatically create a Remove Shares transaction for the entire position to remove the shares from the old account, and then create one or more Add Shares transactions in the new account.

There would be one Add Shares for each open Lot, and it would accurately reflect the Acquisition Date (for Holding Period), as well as the correct cost basis for Capital Gains.

This more accurately reflects what happens in the real world when you transfer shares from one brokerage to another.

Addtion Of Shares In Quicken 17 Doesnt Total Shares Download Transactions From

It should also work correctly when you download transactions from both the old and the new FI.

NOTE - Several people have reported errors in performance calculations and Capital Gains reporting for this AddRemove scenario.

We are analyzing those issues and plan to make sure any issues are addressed.

Allow Drag-and-Drop of individual investment transactions, or a group of transactions.

It is simply an automated version of deleting a transaction from one account and adding an equivalent transaction to the other account.

This sounds nice, and flexible, but it could lead to significant issues.

For example, if you have a Buy of 100 shares and a Sell of the same 100 shares, then you move the Buy to a different account, but leave the Sell in the original account, you will now have 100 shares in the new account, and a short position of -100 shares in the old account.

It also could cause interesting issues if there are Placeholder transactions in the account.

When you move the Buy transaction out of the old account, the Placeholder would be recalculated and essentially replace them in the old account.

These relationships could get destroyed when individual transactions are moved around.

Let us know (in comments here) what you prefer and PLEASE try to explain WHY it works better for your situation.

I think the correct way to handle it is wth a transfer transaction similar to the way cash is transferred from one account to another.

If only one of the three proposals can be picked, then Option 2, because this is the closest to preserving history the way it happened.

As another user said, it is most important to always get the correct answer.

Manual Addtion Of Shares In Quicken 17 For Mac Doesnt Update Total Shares