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Quicken fails to correctly calculate investment amounts

TomS

My example is with investment VINIX. On 12/31/19 its value was $290.23/share both in my holdings on Quicken R23.18 and on my brokerage. I enter a transaction for 12/31/19 to remove 1 share of VINIX. Quicken inventories $256.12, not $290.23. What is going on? This is repeatable with different dates and number of shares.

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Accepted answers

Bob_L

Remove shares will remove shares at their cost as determined by lot or average cost, not their market value. The total market value of the shares remaining should decrease by the market value of the shares removed. Is that happening?

All comments

Ps56k2

hmmm...

https://finance.yahoo.com/quote/VINIX/

https://finance.yahoo.com/quote/VINIX/history/

TomS

@ps56k Yes the price on that day is indeed 290.23 as I said. But Quicken puts a different number in. Try this to prove it. In an investment account enter a buy of 1 share of VINIX for some random day in 2019 and for some random cost. Now on 12/31/19 enter a transaction to remove (not sell) that share. It will deduct that random cost, not the cost on 12/31/19.

My FI does a lot of these little shares added and removed as "account servicing fees." When I enter an add it is ok, but when I enter a remove I get seemingly random entries for the value. And it is not a "sell" because it is deducted from the account.

Bob_L

TomS

@Bob_L you made my day! I've been puzzled by this for the longest time.