How to Add Inherited Securities?

DJS1949
DJS1949 Member ✭✭
I have securities that I inherited that have been transferred to my brokerage account. I know the basis (it is adjusted to the date of passing) which I can enter but obviously I cannot deduct the cost of the equity purchase from my brokerage account. I can't seem to find a way to enter the security. Any help would be appreciated. Thanks.

Answers

  • Boatnmaniac
    Boatnmaniac SuperUser ✭✭✭✭✭
    Why not do an Add - Shares Added transaction?

    (Quicken Classic Premier Subscription: R54.16 on Windows 11)

  • DJS1949
    DJS1949 Member ✭✭
    edited February 2023
    Will give it a try. Quicken added those placeholders for the equities, so I assume i will just cancel them?
  • Boatnmaniac
    Boatnmaniac SuperUser ✭✭✭✭✭
    Placeholders are temporary transactions that Quicken generates.  They need to be resolved.  Deleting them will do that.
    If Quicken will not allow you to delete them you will need to enter the Add Shares transactions at least 1 day prior to the Placeholders.  Once that is done Quicken should allow you to delete the Placeholders.

    (Quicken Classic Premier Subscription: R54.16 on Windows 11)

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