How to record a stock exchange and mainatin original cost basis and capital gains

robertmich76

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?

Jim_Harman

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.

robertmich76

Thank you very much. Exactly what I needed to do, including removing the Use Average Cost check mark in the security list.