Mutual Fund Conversion: Doesn't Enter into New Fund
Windows 10. Quicken 2019, Ver. R18.15. I have several Mutual Funds, some Investment (after tax), some IRA Tax Deferred. Company converted classes, say, Class A to Class Q. Fund keeps same name, but changed number - thus: Mountain Top Fund, Class A, Fund No. 5 to Mountain Top Fund, Class Q, Fund No. 605. I tried MFC, with a test file first. Did not create the new account before starting the MFC. In order to even get going, have to specify the new fund. So went back to beginning with the test file. First set up the new account. Then did MFC. Specified the new account. Quicken went through each entry in old account and "Added" same entry, to the OLD ACCOUNT, with the cost basis, all as of the date of the conversion. Now the old account has double the entries it had before, the original entries at various dates, and the new Added entries, all as of the date of the conversion. The New Account has no entries. $0.00 value. Now What? Still with the test file, I tried Transfer Shares between accounts. Transferred the ADDED shares from the Old Account to the New Account. This doesn't seem right. Why doesn't the MFC merely convert the shares, and ADD them to the New Account where they actually belong? And, when it is completely converted, by whichever is the right way to do it, does one keep the Old Account and the New Account active in the Quicken File? Between the Investment Fund Accounts and the IRA Fund Accounts for my spouse & me, there are over35 different accounts. If kept active, as well as the New Accounts after conversion, that is 70+ accounts, with many, many, entries, as some of the original accounts go back to the late 1990s. Quicken slows down now, particularly loading. What will it do with double the data? The HELP instructions for MFC are no Help at all.
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