reconciling stock splits
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MonorailGold
Member ✭✭
I'm a longtime Quicken for Windows user (on a Mac via a VM). Four months ago I converted my data to Quicken for Mac and I've been pleased with the results and so I now regularly use Quicken for Mac.
I recently came across an error that I'd like to correct. In my Roth IRA, the total number of shares of Apple stock listed is incorrect.
Summary - I bought 20 shares in 2008. In 2014 there was a 7-1 split, which brought my total to 140. in 2020 there was a 4-1 stock split which raised my share count to 560.
Quicken shows a line-item of "add shares" on 8-28-2022 of 420 shares, which brings my total to 560. Quicken next shows a line-item on 8-31-2022 of "stock split" with 4-1 in the description. As a result, Quicken is reporting that I have 2,240 shares of Apple ... 560 x 4. (I wish!).
To fix this, is it simply removing the "add shares" entry? Or is there more to it than that?
I recently came across an error that I'd like to correct. In my Roth IRA, the total number of shares of Apple stock listed is incorrect.
Summary - I bought 20 shares in 2008. In 2014 there was a 7-1 split, which brought my total to 140. in 2020 there was a 4-1 stock split which raised my share count to 560.
Quicken shows a line-item of "add shares" on 8-28-2022 of 420 shares, which brings my total to 560. Quicken next shows a line-item on 8-31-2022 of "stock split" with 4-1 in the description. As a result, Quicken is reporting that I have 2,240 shares of Apple ... 560 x 4. (I wish!).
To fix this, is it simply removing the "add shares" entry? Or is there more to it than that?
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Best Answer
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I think you can just delete the "Add Shares" entry.
Quicken Mac subscription. Quicken user since 1990.
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Answers
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I think you can just delete the "Add Shares" entry.
Quicken Mac subscription. Quicken user since 1990.
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Yep, it was that easy! Quicken is now correctly showing that I have 560 shares of .0
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