Reinvest Capital Gain without Adding Shares

Toxalot

I have read a number of posts on the topic of phantom/notional distributions. All the posts I have found are from years ago and the solutions don't work.

One common suggestion involves using a Return of Capital transaction with a negative amount to increase cost basis, but Quicken does not allow a negative amount. Another common suggestion involves using a Reinvest transaction with a dollar amount and 0 shares, but Quicken does not allow a 0 share value.

I've learned that Quicken will accept 0.000001 as the number of shares in a Reinvest transaction. And then I can use a Shares Removed transaction to fix the share balance without affecting the cost basis. I couldn't find this as a suggestion on the Quicken forums anywhere, but it does work. However, why is this ugly workaround required? The Reinvest transaction shows an insane price per share and then I have to add a dummy transaction to fix the share balance.

Feature Request: Allow 0 shares in a Reinvest transaction

Quicken Classic Deluxe, Canada, Subscription

Quicken Anja

Hello @Toxalot,

Thank you for taking the time to reach out with your request.

I went ahead and changed your post to an Idea so other users who have the same or a similar request can vote on your idea by clicking the up arrow (see below).

Ideas are also reviewed by our Development and Product teams in order to improve Quicken and implement new features requested by customers.

Thank you!