tightwad wrote:Don't you mean XOut, to remove the amount that RtrnCap added to the account?
It depends whether the RtrnCap is positive or negative.
adrian2 wrote:Now that I'm fully migrated to Quicken 2011...
Bylo Selhi wrote:adrian2 wrote:Now that I'm fully migrated to Quicken 2011...
You don't find the user interface buggy beyond usability?
Bylo Selhi wrote:For example go into the transaction register for a US$ investment account. (Maybe also other account types.) Now select an existing transaction by clicking on the date. Don't change the date. Just cursor up or down a few transactions using the up and down arrow keys.
My only option is exit Quicken and hope it doesn't auto-save anything it shouldn't.
tedster wrote:I am using Quicken 2002. It works very well. I usually get a call from my acct to find out what I paid (and sold) for a list of stocks in my non reg'd portfolio.
I assume he has a list from the bank (?). This year I thought I might be ble to print a report from Quicked which would indicate which stocks were sold in 2011 so that I could have this all ready for him. However, I don't seem to be able to find this on my Quicken. Can it be done?
Intuit wrote:We want you to be aware that as of May 31, 2012 online services and live technical support will no longer be available with this version. To continue your services without interruption, you need to upgrade to Quicken 2012.
In order to make this transition as easy as possible, we are offering a 10% discount when you upgrade today. Plus, new Quicken 2012 features make it easier than ever to organize your money, pay bills on time and find ways to save more.
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tightwad wrote:I received additional units of a mutual fund upon disposition of all units of a fund. What is the best way to record this in Quicken? First thought was to add the additional units to Quicken but it seems cleaner to simply record the money as a dividend using a Div transaction and to note the extra units received in the memo. Is there a better way?
fisab wrote:I use the "ReinvDiv" action to record the fund distribution. Then you can sell any or all units. The cost base of the investment recorded by Quicken is then of correct value.
tightwad wrote:Thanks for the replies. To clarify. I sold all the units I was holding in the fund but did not receive the additional units until after the 'Sell' transaction was entered into Quicken. The corresponding 'Sell' transaction in the brokerage account includes the additional units. So are you suggesting I should reinvest the additional units into my fund in Quicken using the price of the units on the day of the sale, then issue the 'Sell' with all the units?
This also happened in my case. From the fractional units remaining on account at the brokerage I conclude my Quicken total matched theirs at the time the sell order was executed. Yet the only transaction generated by the brokerage include a slightly higher unit total. Since this is an income fund, the closing of the position included the dividend earned to-date but not yet distributed by the fund. This is why I'm thinking it was actually a cash dividend rather than the issuance of additional units prior to the execution of the sell order. The additional units are, in a sense, virtual - for recording keeping purposes only. I hope this makes sense.I just sold some mutual fund on BMO Investorline for the first time. I wanted to sell all of it but instead I am stuck with 0.76 unit.
I talked to a Investorline CSR and apparently partial units fall off a couple days after the transaction. The figures are meaningless because all the money has already been deposited into the account after the full units were sold.
tightwad wrote: Since this is an income fund, the closing of the position included the dividend earned to-date but not yet distributed by the fund. This is why I'm thinking it was actually a cash dividend rather than the issuance of additional units prior to the execution of the sell order. The additional units are, in a sense, virtual - for recording keeping purposes only. I hope this makes sense.
That's my understanding as well and so was surprised by what happened.AltaRed wrote:tightwad wrote:My past experience with mutual funds is the NAV of the fund on any given day of the month reflects undistributed distributions earned to date, not the creation of additional units earned but not yet distributed. Additional units generally only come about once the distributions are distributed and the NAV per unit is reduced accordingly.
tightwad wrote:The brokerage sells the whole units, 1000, leaving .347 on the account to be cleared out. One transaction is created by the brokerage with 1000.551 units, .204 more than expected; this is the portion I refer to as 'additional units'.
tightwad wrote:I think I've solved the mystery. The fund is a CIBC index fund which under the old system qualified for a management fee rebate. The dollar value of the additional units appears to be the rebate earned to-date in the month. It looks like the software for issuing the rebate hasn't been disabled. Under the circumstances I think it should be recorded as a cash dividend.
@IdOp, perhaps you can corroborate the theory; I think you closed positions in some of your CIBC index funds earlier this year.
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