wrong number of shares after APPLE split

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?

Best Answers

  • Frankx
    Frankx SuperUser ✭✭✭✭✭
    Accepted Answer
    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


                           Quicken H&B-Subscription - Windows 10 Home - Ver. 2004
                                             - - - - Quicken User since 1984 - - - 
      -  If you find this reply helpful, please click "Helpful" (below), so others will know! Thank you.  -
  • Kevin 1732
    Kevin 1732 Windows Beta Beta
    Accepted Answer
    Thank you Frankx. Yes, this worked & it fixed the problem. Thanks.

Answers

  • Frankx
    Frankx SuperUser ✭✭✭✭✭
    Accepted Answer
    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


                           Quicken H&B-Subscription - Windows 10 Home - Ver. 2004
                                             - - - - Quicken User since 1984 - - - 
      -  If you find this reply helpful, please click "Helpful" (below), so others will know! Thank you.  -
  • Kevin 1732
    Kevin 1732 Windows Beta Beta
    Accepted Answer
    Thank you Frankx. Yes, this worked & it fixed the problem. Thanks.
  • Frankx
    Frankx SuperUser ✭✭✭✭✭
    edited September 2020
    Hi again @Kevin_1732,

    Glad to hear that, and always happy to help!

    Take care,

    Frankx


                           Quicken H&B-Subscription - Windows 10 Home - Ver. 2004
                                             - - - - Quicken User since 1984 - - - 
      -  If you find this reply helpful, please click "Helpful" (below), so others will know! Thank you.  -
  • q_lurker
    q_lurker SuperUser ✭✭✭✭✭
    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.  
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