Adjust Cost Basis

Question

With the recent Schwab Reauthorization I had numerous transaction that were downloaded for a second time. The end result was with some securities the share balance is wrong. I can use the add and remove shares edit screen but I also need to adjust the cost basis. Is there an easy way to do this?

jimconsid · Answer

The Schwab reauthorization has been nothing but a mess and a cost of my time. Numerous duplicate entries were downloaded as I worked through the reauthorization. Many of these additional entries involved entries that I previously changed to better fit how I keep track of my accounts.  With all of my corrected accounts I had to make balance adjustments to compensate for the additional entries that downloaded that I could not correct or fine. I have two accounts that have not been able to go through the reauthorization update. Another account I have not been able to reconcile. This is after spending several hours with Quicken support. I will have to continue to work with Quicken support to get this resolved.

Bob_L · Answer

Maybeq I am missing something about Schwab issues.  That is, why not just delete the duplicate transactions?

Jim_Harman · Answer

In the Add transaction, you can specify the acquisition date and cost basis. Remove will eliminate the selected lots with their current cost basis.