wrong number of shares after APPLE split

Kevin 1732

After the 4:1 split of Apple stock, my balance is way too high. Transaction history shows both SPLIT on 8/31 and then an ADDITION of 3 x as many shares. Shares are too high by the 3 x entry. Should I delete that entry?

Frankx

Hi @ Kevin_1732,

Apparently your Quicken account has effectively shown the split twice.  Yes, you should delete the "3 x" entry - which should place your shareholdings at the correct number, and the account balance of holdings should then revert to the proper valuation amount.

Let me know if you have any followups.

Frankx

Kevin 1732

Thank you Frankx. Yes, this worked & it fixed the problem. Thanks.

Frankx

Hi @ Kevin_1732,

Apparently your Quicken account has effectively shown the split twice.  Yes, you should delete the "3 x" entry - which should place your shareholdings at the correct number, and the account balance of holdings should then revert to the proper valuation amount.

Let me know if you have any followups.

Frankx

Kevin 1732

Thank you Frankx. Yes, this worked & it fixed the problem. Thanks.

Frankx

Hi again @Kevin_1732,

Glad to hear that, and always happy to help!

Take care,

Frankx

q_lurker

I am not clear on your representation.  You should delete any Add Shares transaction that claim to be the split.  A StkSplit transaction is the correct form that will maintain the proper cost basis information.