How to enter stock merger transaction

Question

On 5/1/26 ASMOX became QSMOX through a stock merger. Schwab auto download left Quicken with adding the new fund but also leaving the previous fund, doubling the total value. No sale occurred. How to enter the transaction so that the value of the new fund is correct and the old fund disappears without "selling" the old fund? Quicken simply shows "add" as the basis of the new fund.

Quicken Kristina · Answer

Hello @rickkent,

Thank you for reaching out with this question! Did the fund's value change, or is this just a symbol change? If it's a symbol change, you can use the Merge Securities function to ensure it's reflected correctly. For information about merging securities, please see this article:

https://info.quicken.com/mac/merging-securities

I look forward to your reply!