Investment Account - Complete vs. Simple

Question

I've maintained investment accounts in Quicken for decades using the Complete tracking method. What happens if I switch to Simple? Is it just that the transactions are removed and it only tracks current positions? Does it retain my years of balance history which I use in charts? If I decide to revert to Complete are the transactions still there or are they permanently lost?

Boatnmaniac · Answer

https://community.quicken.com/discussion/comment/20470747#Comment_20470747

The cost basis question is pertinent to whole Complete vs Simple discussion so you were right to challenge what I'd posted.

And I did originally did say that I wasn't sure about the Avg Cost Basis.  You promptly caught that and helped to close out that loose end.  So, it's all good.

q_lurker · Answer

@Boatnmaniac Agreed. I don’t believe there is any data to track basis thus no gain/loss calculation.  The cited caution warning indicates no cap gains reports for Simple accounts.

I was commenting about your initial conjecture about average cost being applied.  I should not have gone off on that tangent.

Boatnmaniac · Answer

https://community.quicken.com/discussion/comment/20470668#Comment_20470668

How can it be FIFO (or LIFO) when Simple does not support buy/sell transactions of securities?  Come to think of it, how can there be any cost basis tracking in Quicken for securities held in Simple accounts because there is no history of any BUY transactions in Quicken.