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Municipal bond maturities not handled correctly on Quicken 2017 for Mac

Unknown
Unknown Member
edited June 2018 in Investing (Mac)
In June a municipal bond that I owned in a Fidelity Brokerage account matured and the principal from the bond was deposited into my core account.  The face value of the bond was $5,000 (for 50 Quicken Shares) but Quicken recorded the transaction as a sale of 500 Quicken shares for $50,000.  Please correct this problem.  I am currently using Q2017 v 4.6.4 but will soon update to v4.6.6.

Comments

  • RickO
    RickO SuperUser, Mac Beta Beta
    edited September 2017
    It's a matter of how Fidelity transmits the data. Just go in and edit the transaction to make it correct.
    Quicken Mac Subscription; Quicken Mac user since the early 90s
  • Unknown
    Unknown Member
    edited September 2017
    Of course, I edited the transaction and made it correct.  It is a communication problem between Fidelity and Quicken.  There were a host of other problems with municipal bonds in Quicken which I reported (and shared my files, I believe) that were corrected.  This one was not corrected.
  • RickO
    RickO SuperUser, Mac Beta Beta
    edited September 2017

    Of course, I edited the transaction and made it correct.  It is a communication problem between Fidelity and Quicken.  There were a host of other problems with municipal bonds in Quicken which I reported (and shared my files, I believe) that were corrected.  This one was not corrected.

    I think it's pretty common for bonds to be off by a factor of 10 due to different interpretations of basis points. Not sure why it happens, but usually easy to correct and hopefully doesn't happen that often.
    Quicken Mac Subscription; Quicken Mac user since the early 90s
  • Unknown
    Unknown Member
    edited September 2017

    Of course, I edited the transaction and made it correct.  It is a communication problem between Fidelity and Quicken.  There were a host of other problems with municipal bonds in Quicken which I reported (and shared my files, I believe) that were corrected.  This one was not corrected.

    If you don't know about this bug it can really mess up your account balance. It's worth trying to fix.
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