Sold SCHG ETF after 4 for 1 stock split and Realized Gain/Loss report showing multiple losses

Robhawaii

I bought 160 shares of SCHG (Schwab Large Cap Growth ETF) in June 2021 for $142 per share. The fund issued a 4 for 1 stock split in October 2024. In April 2025 I sold 476 shares at $25.23 per share. The Realized Gain/Loss report is showing multiple lines of losses for the SCHG sale date. I opened the lots window for the sale and it is set to FIFO and the losses appear for the lots where the sale price of $25.23 per share was automatically assigned to the oldest lots, bought at at $142 per share, (before the 4 for 1 stock split). I have also been reinvesting dividends automatically and did not sell my entire position in SCHG. How do I adjust the sale so that the realized gain is positive?

Jim_Harman

Instructions for Windows, Mac should be similar:

Before entering the sale, you should make sure that the split is entered correctly. In your register on the split date you should see one 4:1 StkSplit transaction and no other transactions.

If you have something different, back up your data file (just in case) then delete the recent sale and the incorrect split transactions. Finally enter the split and the sale.

Robhawaii

Thank you— Yes this procedure worked.

Some feedback: I initially edited the stock splits (downloaded as Add Shares from C Schwab). However, this appeared to also change the initial purchase, and to show it without a transaction, so the cost basis was off. I restored a backup prior to the sale on 4/25/25. Then deleted the Add Shares transactions (there was a prior 2-1 split on 3/11/22), and reentered as a stock split. The portfolio for SCHG then showed the correct value. Then I added the sale, saved, then opened the transaction and the lots window also showed positive values for the lots sold (FIFO).

The list of backups is confusing. I just read that this is improved in the 8.2 version of Quicken Classic Mac! Yay