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Split stocks in quicken

kalpathy17

I had 2 stoks purched I April 10 of each. The socks got split in June and july and it was added 190 shares for 10 stocks I had.Now when I enter this in quicken as split stock as per quicken instructions and after going to the portfolio share balance is 190 instead of 200.can any body help me

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Comments

volvogirl

That sounds right. Which stocks split? If you got 190 shares you don't add in the original 10 shares.

Tom Young

I think you are saying to us:

In April you purchased ten shares of two different stocks
In June one of the stocks split 20 for 1
In July the other stock split 20 for 1

Please confirm that the above is correct.

Assuming the above is correct then my suggestion to properly record this history would be as follows:

DELETE downloaded transactions provided by the broker(s) regarding these splits. Brokers are not accountants and while they strive to get your share balances correct it's not uncommon that they send inappropriate accounting transactions into your Quicken Accounts.
Use the "Stock Split" action to enter the stock splits, using the appropriate dates for each one of the splits. The transactions should be entered along these lines

Image: https://us.v-cdn.net/6031128/uploads/editor/cf/szzf4s95orgj.jpg

and will end up in the Account(s) transaction list looking like this:

Image: https://us.v-cdn.net/6031128/uploads/editor/cp/d9d1zk2ciqvz.jpg

Using the Stock Split action will result in the correct number of shares and the basis for each share will be correct.

Ps56k2

kalpathy17 said:

I had 2 stoks purched I April 10 of each. The socks got split in June and july and it was added 190 shares for 10 stocks I had.

I have no idea what you are saying ..
Did you have two stocks,
with 10 shares bought of each ?

And then, each split - what was the ratio ?

… what are the two stock symbols ?