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    • Nvidia Stock Split downloaded from Etrade

    Member ✭✭✭
    edited July 2021 in Investing (Windows)
    I am running Quicken Premier 2021 and Win 10. The Nvidia stock split 4 for 1 that occurred Tuesday 7 20 is not providing an option for a stock split .
    My options are 1 Remove all Shares , 2. Short Sale 3. Reverse stock split ( gives me less shares which is not correct.

    My brokerage is Etrade. Has anyone else run into this issue from their Etrade account .
    Thank you

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    Best Answer

    • Quicken Windows Subscription SuperUser ✭✭✭✭✭
      Answer ✓
      Hi again @jjrichards,

      Thanks for posting that screenshot; it is helpful.  It looks like Etrade's download is expecting you to "transfer out" the shares you owned before the split and (I guess) "transfer in" the total shares you own after the split - which makes no sense.  That would also likely cause you to lose your cost basis and start your holding period over from scratch.

      I would suggest - especially since this is a straight-forward stock split transaction - that you delete the download entry and manually record the 4 for 1 split.

      Frankx

                              Quicken Home, Business & Rental Property - Windows 10-Home Version

                                               - - - - Quicken User since 1984 - - - 
        -  If you find this reply helpful, please click "Helpful" (below), so others will know! Thank you.  -

    Answers

    • Quicken Windows Subscription SuperUser ✭✭✭✭✭
      Hi @jjrichards,

      Sorry to hear that you are having problems recording the stock split. 

      Can you give me a little more information?  When you say "My options are 1 Remove all Shares , 2. Short Sale 3. Reverse stock split" - exactly which screen are you looking at that has only those options?  Can you post what you are seeing here in this thread (by dragging & dropping a screenshot/image of what you see into this message thread?

      Frankx

                              Quicken Home, Business & Rental Property - Windows 10-Home Version

                                               - - - - Quicken User since 1984 - - - 
        -  If you find this reply helpful, please click "Helpful" (below), so others will know! Thank you.  -

    • Member ✭✭✭
      Hi Frank:
      Enclosed is a screen shot. On other stock splits I recall Etrade downloaded the info correctly . When you click on " accept " in the transaction there are the below choices, none are correct. If you use other brokerage firms Fidelity, Schwab , etc this may not be an issue as they would record correctly. The only option I see is to delete and record the stock split 4 for 1 transaction " manually "
    • Quicken Windows Subscription SuperUser ✭✭✭✭✭
      Answer ✓
      Hi again @jjrichards,

      Thanks for posting that screenshot; it is helpful.  It looks like Etrade's download is expecting you to "transfer out" the shares you owned before the split and (I guess) "transfer in" the total shares you own after the split - which makes no sense.  That would also likely cause you to lose your cost basis and start your holding period over from scratch.

      I would suggest - especially since this is a straight-forward stock split transaction - that you delete the download entry and manually record the 4 for 1 split.

      Frankx

                              Quicken Home, Business & Rental Property - Windows 10-Home Version

                                               - - - - Quicken User since 1984 - - - 
        -  If you find this reply helpful, please click "Helpful" (below), so others will know! Thank you.  -

    • Quicken Windows Subscription Alumni ✭✭✭✭
      edited July 2021
      What does the actual downloaded  register entry show ?   This post download action is attempting to make something match. 
      Do you have Auto Accept enabled for downloaded transactions ? 
    • Member ✭✭✭
      I did not download the transaction . I did not "accept" since it seemed incorrect. I do not have it set up for " auto accept". Frankx responded which I agree that I need to enter the " stock split " manually.
      Thank you .
    • Quicken Windows Subscription Alumni ✭✭✭✭
      jjrichards said: I did not download the transaction
      if you didn't download anything - then what triggered the prompted action ?
      Did you perform a One Step Update - and something was downloaded from Etrade ?
      or - are you doing something else ?

    • Member ✭✭✭
      I downloaded the transaction from Etrade into Quicken ,
    • Quicken Windows Subscription SuperUser ✭✭✭✭✭
      @Frankx's response is on target.  Etrade has apparently offered in their download a poor option.  Delete that offering and use a manual entry StkSplt transaction.  It is too common (IMO) that brokerages take a misstep on these transactions, which is why the users need to be on their toes.

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