Incorrect cash balance in quicken / USAA Roth IRA
Windows 2019 Quicken Premier Version R14.23 I just purchased quicken 2 days ago and manually entered the majority of last years IRA transactions. When I deposit money into my IRA yearly contributions, USAA shows the
money being held in a FDIC Insured money market under the ticker QRTEQ. If I deposit $100 into my IRA I now have 100
shares @ $1/share. When I purchase a
security, USAA first “sells” the number of shares equivalent to the amount I
need to purchase the security. This is where the problem occurs when updating
quicken. For example:
1st USAA records a “Sold” from the money market QRTEQ for
the amount I need to purchase a security.
2nd USAA then records a “Buy” for the security.
3rd After uploading to quicken. When I edit the details of the “Sold” transaction, it
shows the proceeds being deducted from this account’s cash balance. QRTEQ is my cash balance.
How do I fix this problem where quicken recognizes my money market
QRTEQ as my cash balance. I apologize
if my question is confusing and will try to clear up any questions. Thank you