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Opening the same security in both investment and IRA accounts

I would like to open a security in an investment account of the same name and symbol that exists in my IRA account. When I try to add the account as an investment and enter the ticker symbol, Quicken puts it in the IRA account. I tried creating a security with slightly different names, e.g. with IRA and INV appended to the name, but that did not work. The broker has no trouble segregating the portfolio.

Any suggestions would be appreciated.

Best Answer

  • SteveRSteveR Member ✭✭
    Accepted Answer
    Thanks all. Support gave me the right answer.


  • Jim_HarmanJim_Harman SuperUser ✭✭✭✭✭
    edited January 11
    I'm not sure what you mean by "opening" a security.

    You should create an investing account to hold the non-IRA securities. The account has an account number, not a ticker. If you have multiple investing accounts in real life, you should set up the same accounts in Quicken.
    Then in the investment account you buy the securities. 

    There should be no problem holding the same security in two different accounts.
    -- Jim QWin Premier subscription
  • ps56kps56k SuperUser ✭✭✭✭✭
    edited January 11
    A little clarification ... also on terminology.
    Where are these accounts located - the IRA and the Investment acct ?
    Your Quicken - as @Jim_Harman mentioned above - should mimic the real world.
    An "account" is setup for each physical account - like a container -
    and then you add "securities" into the "account".
    SO... no problem having a "security" like say AAPL
    in multiple investment accts, and also in an IRA acct.
    Quicken 2020 Deluxe - Subscription - Windows 10
  • SteveRSteveR Member ✭✭
    Accepted Answer
    Thanks all. Support gave me the right answer.
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