Schwab still incorrectly sending Add Shares for Stock Split (e.g., WMT today)

MontanaKarl

A long time issue with the data that Scwhab sends to Quicken Mac (Schwab issue - not Quicken) is that stock splits are downloaded as an "Add Shares" transaction. This results in the correct number of shares - but the new shares have zero cost basis.

WMT's 3:1 stock split is effective today, Feb 26, and many may find this Add Shares appearing in their register. You'll need to manually delete it and create a Stock Split transaction for the 3 for 1 split to get the cost basis shown properly in Quicken…allocated across all of the post-split shares.

Here is a thread from 2 years ago on this same topic… which Schwab has yet to do anything about:

https://community.quicken.com/discussion/comment/20252704#Comment_20252704