JP Morgan SEP IRA

Frustrated new user
Frustrated new user Quicken Mac Subscription Member
edited July 2023 in Investing (Windows)

I am able to download the accounts info and the balances and transactions are correct.

However, even though the various investments are all showing correctly from a cost and actual value. The program continues to miscalculate the gain or loss on the various investments.

Anyone else have this issue and how did you fix it?

Comments

  • Jim_Harman
    Jim_Harman Quicken Windows Subscription SuperUser ✭✭✭✭✭
    edited June 2023

    Quicken normally downloads historical prices for newly purchased securities. However if the securities are not publicly traded, it can't download the prices and will assume type price was zero pin the day before the purchase. This can affect the Day gain/loss calculations.

    Does this explain your issue? If not, which calculations appear to be incorrect?

    QWin Premier subscription
  • q_lurker
    q_lurker Quicken Windows Subscription SuperUser ✭✭✭✭✭

    However, even though the various investments are all showing correctly from a cost and actual value. The program continues to miscalculate the gain or loss on the various investments.

    Since gain/loss is the difference between actual vale and cost basis, that statement is puzzling. “Miscalculates” based on what comparison? Some brokerage do not report gain/loss in retirement accounts the same way that do in regular accounts. Some investments get adjustments to basis values that the brokerage does not send to Quicken.

    Please clarify what you are actually seeing.

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