RETURN OF CAPITAL PROBLEMS

Unknown

In Quicken Premier for Windows, when I posted a return of capital (which was on a yearend 1099) for a mutual fund, then sold the fund, the return of capital was not correctly subtracted from the cost basis. So the cost basis was only subtracted from the remaining shares, and not from the sale itself. The same thing happens on sales of lots of ETF's. The broker reports the correct cost basis on both sales and remaining basis, so there is a discrepancy in Quicken.

Does anyone know how to fix this issue with return of capital?

Sherlock

I suggest you do not enter the return of capital transaction with the same date as a transaction that modifies the number of shares held in the account.