How to record a stock exchange and mainatin original cost basis and capital gains
edited April 2022 in Investing (Windows)
In Oct 2021 my financial advisor "exchanged" stock A for stock B which is the institutional form of stock A. The stocks have different ticker symbols and quotes. I initially recorded the transaction as a sell and buy but then found out that it was not a taxable event and that the capital gain of stock A should be carried forward. How can Ibest do this in Quicken?
If it was a mutual fund and not taxable you can use Mutual Fund Conversion.
Make sure the old fund is not set to Use average cost.QWin Premier subscription0
Thank you very much. Exactly what I needed to do, including removing the Use Average Cost check mark in the security list.0
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