Deleting a specific stock investment only?

Question

I currently have an E*Trade account that I have downloaded into Quicken.  One of my stocks has split into 3 different stocks.  I have downloaded these three with the last month update, but for some reason the original stock still exists.  I need to know how do delete this one stock completely out.

jacobs · Accepted Answer

@charles Let me make sure I correctly understand what's in your account currently. Had you downloaded from eTrade before the split? If so, are there any transactions which downloaded from eTrade when the split happened? Part of what I'm asking is if you still have the full shares of the original pre-split stock in your account, or if you have some small remainder from the split. That would help in providing advice about what to do.

If you have both the full amount of the original stock and the full amounts of the three stocks resulting from the split, and if you don't care about tracking the original cost basis of your investment through the stock split and you just want to wipe the original stock out of your Quicken, there's easy solution. Make a note of the exact share amount of the stock, then create a new transaction, and select Remove Shares as the transaction type. This will simply subtract the shares from your account.

If your Quicken data reflects the split, but you have just a tiny fractional remainder of a share of the original stock after the split, you can do the same Remove Shares transaction to make it disappear from your Quicken holdings. (That assumes you didn't receive cash for the remainder.)

If you want Quicken to accurately reflect the split and the cost basis for the three new stocks, post back here and describe that transactions are in your account. (A screen shot of your register transactions related to the split would be helpful, if you can capture just non-private information.) Other folks here might be better able than me to guide you on how the transactions should be done in Quicken Mac if this is what you're trying to accomplish. Post back and let us know.