When I use Quickens Corporate Securities Menu it treats it as a cash transaction. I want to treat it

Question

When I use Quickens Corporate Securities Menu it treats it as a cash transaction. I want to treat it as an non-cash inventory transaction. How do I do that?

Sherlock · Answer

The Corporate Securities Spin-Off wizard should generate a RtrnCapX action transaction to reduce the cost basis of the original holding, a MiscIncX action transaction to reduce the unrealized gains of the original holding, and Added action transactions to establish the cost basis for each of the lots of the new holding.  The RtrnCapX and MiscIncX action transactions should be self-referencing transfers that do not impact the cash balance.

NotACPA · Answer

@Jim_Harman makes a good point about the menu, one that I missed.  EXACTLY what menu option are you using and how do you get to it?

Jim_Harman · Answer

Current versions of Quicken do not have a "Corporate Securities Menu".

Are you referring to the "Corporate Securities Spin-Off" option when you click on Enter Transactions in an Investing account?

Perhaps you should be using "Corporate Acquisition (stock for stock)" instead.

If you provide the names of the companies involved and/or a more detailed description of what you are trying to do, we may be able to help.