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Money Market cost basis problem in 2024

JU-5677

Housekeeping: I am running Quicken Classic Premier R60.20 on Windows-11.

I have discovered an unusual 'situation' in one of my Fidelity accounts. Evey month I have buy/sell transactions for Fidelity Government Money Market (SPAXX) and never have a cost basis problem. For a money market fund, the Market-Value and Cost-Basis should always be equal and they always are until Aug-2024. I had 0.01 shares @ $1 which were sold on 8/15 giving the MMA fund a balance of zero at which time I transferred this $0.01 out of this account because I was tired of seeing it. In Sept-2024, I transferred in $10 and made a buy of 10 shares @ $1. Q now reports the Market-Value of $10 and a Cost-Basis of $9.99. The only way I could track this down was through an investment transaction report that showed the 8/15 sale had a _RlzdGain of $0.01 on the sale. How can this be I wonder to myself?

I should note that these are all manual-entry transactions and not any that are downloaded from Fidelity.

Here is what I have done. 1) A file validation which didn't turn up any errors. 2) confirmed that there are no Placeholder transactions that could affect this. 3) confirmed that the Fidelity Govt MM price-per-share is "1" for every date in the security detail for this fund. 4) deleted and re-entered the sell/buy transactions. I still have the _RlzdGain of $0.01 that is goofing this up and I just can't figure this out.

I'd like to think that I am a very experienced Q user, having used it since the early DOS days circa 1990. Any suggestions would be greatly appreciated from veteran Q users.

PS: I can correct this through a "Return of Capital" transaction but that should not be needed for a simple Money Market fund priced at $1 per share.

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Comments

q_lurker

I would likely start with a portfolio few set to show that account and that security. From there I would vary the As of date back in time to confirm just when the problem arose. Perhaps on some date prior to 8/15 you'll find a difference between market value and cost basis of $0.01. That may lead you to a Buy or Add that needs to be adjusted or deleted and re-entered.

JU-5677

Your idea is sound and that is exactly what I did in looking at just this (money market) security from the very beginning of this Fidelity account where I looked at "all" actions (buy/sell/div,etc). It first showed up on that 8/15 Sold of $0.01 which indicated a _RlzdGain of $0.01. I have deleted this Sold transaction and re-entered it. My Q report still shows the _RlzdGain of $0.01 and I am baffled by this discrepancy.