Separating funds from an account

fibnc
fibnc Member ✭✭
edited February 23 in Investing (Windows)
I have the subscription Quicken for Windows and I have an account with two mutual funds that no longer are supported for transaction downloads. The account is "named" for the larger of the two and I would like to pull out the other to stand on its on. Both are still with the same brokerage. I've found a couple of sources that say "accounts" then "hide and show accounts" but I can not find any of these links. I don't even know if my objective is even possible. Any help would be appreciated.

Best Answer

  • fibnc
    fibnc Member ✭✭
    Answer ✓
    This worked - thanks very much!

Answers

  • Tom Young
    Tom Young SuperUser ✭✭✭✭✭
    The easiest way to achieve what you want is to create a new Quicken Investment Account, perhaps named after the second mutual fund, then do a "Shares Transferred Between Accounts" action in the "old" Account into the "new" Account.  This will do a Remove of all the shares of the second mutual fund in the old Account and create Adds - one for each lot - in the new Account.  Each lot will have the correct "Date acquired" and basis.
    This will leave the transactions associated with the second mutual fund in the old Account, which is fine since that's where they actually happened, and those transactions are easily isolated by running an Investment Transactions report if you want to look at the history of that fund.
    Your questions about "'accounts' then 'hide and show accounts'" doesn't seem particularly relevant to your "headline" issue of "Separating funds from an account" as both the old and new Account should still be completely visible to your file, correctly.  To hide an active Account you right-click that Account in the Account Bar (list of all Accounts to the left or right of the screen) and select "Edit/Delete account."  That brings up the "Account Details" window where you click on the "Display Options" tab.
  • fibnc
    fibnc Member ✭✭
    Answer ✓
    This worked - thanks very much!
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