How can I enter a cost basis for a stock in my portfolio?

Question

I recently inherited some stocks and I need to change the cost basis in my Quicken file but cannot find any way of entering a number. I downloaded the portfolio from the brokerage but no cost basis came through. Thank you.

jr7107 · Accepted Answer

An Add Shares transaction should get you there. Do you have lot information?

Jim_Harman · Accepted Answer

When you downloaded the portfolio, what transactions were recorded in Quicken to put the inherited stocks in your account?

If you received the stocks "in kind", i.e. the stocks were transferred directly to your account and not cash which was used to purchase stocks, you should see "Added" transactions that put the stocks in your account. You can edit those transactions to set the acquisition date and cost basis (usually the value as of the date of death)

Consult your tax advisor.

If there are Placeholders in your account for these securities, post back for more info.