T Rowe Price exchange shares sold and shares bought but money not transfered

I exchange $1000 worth of MF shares between T RowePrice Trad IRAs. Downloads show "Sold" shares and "Bought" shares. The Memo field describes the transaction as an Exchange. However, the Bought side of the ledger shows a Cash Balance of -$1000. Why doesn't the money show as transferred onto the Bought ledger? What is the simplest way of showing the money transfer? Neither account is a SMF. Quicken Windows version R.29.12. TIA.

Best Answers


  • Tom Young
    Tom Young SuperUser ✭✭✭✭✭
    A "Sold" action should have resulted in a cash balance of $1,000 in the "from" Account.  Isn't that where the cash is? 
    The logical sequence of events is:
    1. Security sold in 1st Account
    2. Cash transferred to 2nd Account
    3. Security bought in 2nd Account
    So the logical thing to do is to transfer the cash from the 1st Account to the 2nd Account, eliminating the negative cash situation.  Seems like T Rowe Price didn't put that transaction in their downloads.

  • QknConfused
    QknConfused Member ✭✭
    I did that using a "WithdrwX", which results in the unfortunate "ContribX" in the receiving account. Is that the way you would have handled the movement of the cash?