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Negative Cash Amount in SEP IRA Account

I have a negative cash amount in my SEP-IRA account. It is a nice round figure with no cents ($2885.00). I cannot figure out where this amount came from. I have transactions in the account back to 2001. I scanned through them trying to determine the origin, but to no avail. Can anyone help me with hints on why I would have a negative cash amount in a retirement account? All the other accounts are reconciled and balanced.
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Best Answer
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Jim_Harman SuperUser ✭✭✭✭✭
Go to the account and click on Holdings. Use the "As of" date to go backwards in time until the negative balance first appears then look in the transaction list to see what happened on that date.
Often a negative balance will occur if you entered a Buy transaction without a corresponding Xin or Deposit to provide the cash for the purchase.
Also to avoid confusion, make sure there are no Placeholders in the account. Go to Edit > Preferences > Investment Transactions and make sure "Show hidden transactrions" is selected.-- Jim QWin Premier subscription5
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Answers
Often a negative balance will occur if you entered a Buy transaction without a corresponding Xin or Deposit to provide the cash for the purchase.
Also to avoid confusion, make sure there are no Placeholders in the account. Go to Edit > Preferences > Investment Transactions and make sure "Show hidden transactrions" is selected.
The Cash Bal column is $0.00, which is correct. There is no cash in this particular SEP-IRA investment account. The "Total Market Value" is short by $2,885. The only place I see this amount is when I click on the Holdings tab which shows the negative cash of $-2,885