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How do I show a capital gain for a stock sold before the account was added to quicken using Quicken

Unknown
Unknown Member
edited May 2018 in Investing (Windows)

Comments

  • Unknown
    Unknown Member
    edited November 2016
    Having added an account, nothing prevents you from adding the purchase and sale records on the correct dates.
  • Unknown
    Unknown Member
    edited May 2018
    If you're worried about your final balance you can use an XIn of cash dated the day of purchase and an XOut of cash after the sale. Or use the Update Cash Balance command on the investment register.
  • q_lurker
    q_lurker SuperUser ✭✭✭✭✭
    edited December 2016
    fanfare said:

    If you're worried about your final balance you can use an XIn of cash dated the day of purchase and an XOut of cash after the sale. Or use the Update Cash Balance command on the investment register.

    Or for that worry, you can edit the original "Opening Balance" transaction to reflect the cash and date changes.  You would end up with a series of transactions like:

    1/1/2016 Opening Balance (edited amount)
    1/1/2016 Add Shares transaction (adding in the shares to be sold later with the correct cost basis and acquisition dates)
    2/2/16 Sold Shares (of the relevant company producing the requisite cap gains income)

    There are a variety of ways to then make the cash come out right including an XOut or MiscExp transaction, or make the edited Opening Balance 'fit' the subsequent value, or have the Sold Shares transfer to a different account, or as a transfer to the same (specified) account.
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