How do i record a non-taxable conversion of a mutual fund

Kefling

How do i record a non-taxable conversion of a mutual fund

Tom Young

(I'm assuming this is happening inside a Quicken Account thats' NOT a "Single Mutual Fund" Account.)

You should be able to do this by using the "Mutual Fund Conversion" action, indicating name change and stock exchange ratios.  However, I know that if you've been using "average cost" to track the cost basis of the fund there have been problems using this action so if you've been using average cost, first back up the Quicken file and try the Mutual Fund Conversion action.  If the fund's cost basis is correct then the "average cost" problem has been solved, and you're done.

If the Mutual Fund Conversion action messes things up the restore your back up and use the "Corporate Acquisition (stock for stock) action.  You provide the exact same information - name change and exchange ratio.