Is there a way to change how Quicken is interpreting downloaded files

jlaur_25

My Vanguard account is setup for direct connect. When I download transactions and then try to reconcile it is thrown off by a recent change Vanguard made in my funds. Specifically Vanguard sold the 'Admiral' shares in favor of 'Institional'…okay fine…but again this is causing Quick to not get the correct info from Vanguard. Their website is correct, what I have in Quicken is correct but the matchup between Quicken and the downloaded file are off by 4 funds (2 funds were changed so that 2x2 that are now reconciling).

Is there a way of telling Quicken, resetting, how it sees a fund? I am thinking Vanguards file has 'fund A' correctly in it but Quicken still sees it as 'fund B'? I've tried resetting the download (turning off then on) a few times but this doesn't help. Thanks!

Jim_Harman

Quicken's Mutual Fund Conversion is designed for exactly this situation. It preserves the cost basis and holding period of the old fund in the new fund. It will create one Removed transaction for all the shares in the old fund and one Added transaction in the new fund for each tax lot that you held. This may take some time, so be patient!

You should back up your data file just in case, then delete any downloaded transactions associated with this conversion.

Note that the Mutual Fund Conversion does not work correctly if you have selected the Use Average Cost option for the old fund. To check this, click on the name of the old security in the Security List to open the Security detail view. If Use average cost is selected, un-check it.

Then in the account where you held the old share class, click on Enter Transactions, pick Mutual Fund Conversion, and enter the requested info. Where it says Shares of new, enter the total number of new shares you received.