529 rebalancing shows up as income

someoldguye
someoldguye Quicken Mac Subscription Member

i've got a couple of 529 accounts which, similar to some retirement accounts, rebalance every 5 years or so as the student gets closer to college age.

no actual withdrawal is ever made, but in order to track the change in quicken i enter the sale of the old fund and the purchase of the new fund. however, the sale then shows up in the dashboards etc. as a huge amount of "income" that didn't really happen.

is there any way to suppress this? quicken does know that the account is a 529 but for the sale/purchase there doesn't seem to be a way to add any kind of category to the sale. i thought maybe marking it as one of the *NT categories that carried over from the old quicken might exclude it, but no dice.

Comments

  • Jon
    Jon Quicken Mac Subscription SuperUser, Mac Beta Beta

    Try using Remove Shares and Add Shares instead of Sell & Buy.

  • someoldguye
    someoldguye Quicken Mac Subscription Member

    ah ok, i'll try that. i've been having to do add/remove anyway because for some reason quicken is losing the handle on how many shares are in there despite all the transactions.

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