reconciling stock splits

MonorailGold
MonorailGold Member ✭✭
edited February 23 in Investing (Mac)
I'm a longtime Quicken for Windows user (on a Mac via a VM). Four months ago I converted my data to Quicken for Mac and I've been pleased with the results and so I now regularly use Quicken for Mac.

I recently came across an error that I'd like to correct. In my Roth IRA, the total number of shares of Apple stock listed is incorrect.

Summary - I bought 20 shares in 2008. In 2014 there was a 7-1 split, which brought my total to 140. in 2020 there was a 4-1 stock split which raised my share count to 560.

Quicken shows a line-item of "add shares" on 8-28-2022 of 420 shares, which brings my total to 560. Quicken next shows a line-item on 8-31-2022 of "stock split" with 4-1 in the description. As a result, Quicken is reporting that I have 2,240 shares of Apple ... 560 x 4. (I wish!).

To fix this, is it simply removing the "add shares" entry? Or is there more to it than that?

Best Answer

  • Jon
    Jon SuperUser, Mac Beta Beta
    Answer ✓
    I think you can just delete the "Add Shares" entry.
    Quicken Mac subscription. Quicken user since 1990.

Answers

  • Jon
    Jon SuperUser, Mac Beta Beta
    Answer ✓
    I think you can just delete the "Add Shares" entry.
    Quicken Mac subscription. Quicken user since 1990.
  • MonorailGold
    MonorailGold Member ✭✭
    Yep, it was that easy! Quicken is now correctly showing that I have 560 shares of .
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