I enter a Sold transaction in a 401(k) account and I get an automatic XOut I don't want

Mark Freeman

Quicken 2018 for Windows

I have a 401k Investment account with a zero cash balance. I entered a Sold transaction with the proceeds going to this account's cash balance. A corresponding XOut transaction is automatically generated to offset the amount of the Sold transaction, leaving me with a zero account balance.

I shouldn't have a zero account balance, I should have a balance equal to the amount of the Sold transaction. If I delete the unneeded and unwanted XOut transaction, the Sold transaction is deleted as well.

How do I enter this seemingly simple transaction and get the result I expect?

Dan Glynhampton

Do you have a linked checking account for the investment account? Is that where the XOut transaction is sending the cash? If so I think it’s working as designed, see the second paragraph of the notes section in this help page from the Quicken website:



https://www.quicken.com/support/how-d...

mshiggins

Dan Glynhampton said:

Do you have a linked checking account for the investment account? Is that where the XOut transaction is sending the cash? If so I think it’s working as designed, see the second paragraph of the notes section in this help page from the Quicken website:



https://www.quicken.com/support/how-d...

Except 401(k) accounts aren't supposed to have linked cash accounts. The only way to get that combo now is to have converted from MS Money.


More likely the account is set up as a single mutual fund account. Another combo that is no longer possible to do in current Quicken versions. It was possible many versions ago.

Jim_Harman

volvogirl

Dan Glynhampton said:

Do you have a linked checking account for the investment account? Is that where the XOut transaction is sending the cash? If so I think it’s working as designed, see the second paragraph of the notes section in this help page from the Quicken website:



https://www.quicken.com/support/how-d...

I agree it’s probably setup as a single mutual fund. If it is a SMF you should be able to edit the account and change it. There might be a yes or no box for Single Mutual Fund.




If the account transaction list includes the column Share Balance it is a SMF (Single Mutual Fund) account.
If the last column is Cash Balance, it is a brokerage account. A Brokerage account can't show you the total share balance because it can have more than 1 fund in it. But starting in Q2012 all investment accounts do have a Share Balance Column.

Mark Freeman

Mark Freeman

mshiggins

Mark Freeman