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Mutual Fund Conversion transaction is not available

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This discussion was created from comments split from: Fix Mutual Fund Conversion so cost basis is correct if holding is set to "Use Average Cost".

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Mike.R.Court

As of Version R39.23, the Mutual Fund Conversion transaction is not available. I do not have Use Average Cost checked. Please provide the steps to convert a Fund's class as a non taxable conversion and maintaining the cost basis.

I am very experienced computer program and Quicken user, but this is exactly the type of function that I expected as regular and that Quicken would handle.

Sherlock

I suspect you may not have set the original account register to support multiple securities: open the register, press Ctrl + Shift + E, choose No for Single mutual fund account, and select OK

NotACPA

Extending @Sherlock's comment, a Single Mutual Fund type of account can't hold just one fund at a time ... it can ONLY hold the ORIGINAL FUND EVER. This is the primary why, unless your fund company requires it, that SMF type accounts are a bad idea.

Ps56k2

Mike.R.Court said: As of Version R39.23, the Mutual Fund Conversion transaction is not available.

I just went thru this with my - TRowe mutual funds - which are setup as Single Fund per Account -

What is your brokerage....

https://community.quicken.com/discussion/7909199/t-rowe-price-new-i-class-shares-add-remove-shares