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When selling all shares of a security, why does cost basis remain -$.01?

Manually entered a security sale, clicked radio box to sell all shares. The Security Detail View shows zero shares held with a cost basis of -$.01.
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Best Answer

  • UKR
    UKR SuperUser ✭✭✭✭✭
    Accepted Answer
    Somewhere there's a rounding error.
    A transaction was entered in such way that Quicken calculated the total cost as
    number of shares * price per share +/- commission
    resulting in fractional cents being rounded up or down. This may also show up as a discrepancy between total cost in Quicken when compared to brokerage statement.
    It's been my experience that it's better to enter
    number of shares, commission and total cost
    allowing Quicken to calculate price per share to as many decimal places as it needs to. That avoids penny differences between Quicken and brokerage statement.

Answers

  • UKR
    UKR SuperUser ✭✭✭✭✭
    Accepted Answer
    Somewhere there's a rounding error.
    A transaction was entered in such way that Quicken calculated the total cost as
    number of shares * price per share +/- commission
    resulting in fractional cents being rounded up or down. This may also show up as a discrepancy between total cost in Quicken when compared to brokerage statement.
    It's been my experience that it's better to enter
    number of shares, commission and total cost
    allowing Quicken to calculate price per share to as many decimal places as it needs to. That avoids penny differences between Quicken and brokerage statement.
  • thanks
This discussion has been closed.