When transferring short positions between accounts, how do I correct the cost basis?
DaveFry
Member ✭✭
The Move transactions option moved all long positions perfectly, but I had to manually use 'add' from the old account and 'remove' from the new account to enter the positions. Cost basis is not entered in the 'removed' positions. How do I fix this?
0
Best Answer
-
Cost basis is established when we acquire shares. I suggest you enter ShrtSellX action transactions with a self-referencing transfer account to establish the short holdings in the new account in place of the Removed action transactions.5
Answers
-
Cost basis is established when we acquire shares. I suggest you enter ShrtSellX action transactions with a self-referencing transfer account to establish the short holdings in the new account in place of the Removed action transactions.5
-
That helped a lot. Thanks.0
-
Similar issue here, except I'm using Quicken for Mac. If you enter a short sell transaction, you have to negate the proceeds otherwise your cash won't balance. And what do you mean by "a self-referencing transfer account?" Thanks.
0
This discussion has been closed.
Categories
- All Categories
- 7 Product Ideas
- 28 Announcements
- 201 Alerts, Online Banking & Known Product Issues
- 18 Product Alerts
- 735 Welcome to the Community!
- 608 Before you Buy
- 1.1K Product Ideas
- 50.1K Quicken Classic for Windows
- 15.5K Quicken Classic for Mac
- 988 Quicken Mobile
- 778 Quicken on the Web
- 75 Quicken LifeHub