How to record a stock exchange and mainatin original cost basis and capital gains

robertmich76
robertmich76 Quicken Windows Subscription Member ✭✭
edited April 2022 in Investing (Windows)
In Oct 2021 my financial advisor "exchanged" stock A for stock B which is the institutional form of stock A. The stocks have different ticker symbols and quotes. I initially recorded the transaction as a sell and buy but then found out that it was not a taxable event and that the capital gain of stock A should be carried forward. How can Ibest do this in Quicken?
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  • Jim_Harman
    Jim_Harman Quicken Windows Subscription SuperUser ✭✭✭✭✭
    If it was a mutual fund and not taxable you can use Mutual Fund Conversion.

    Make sure the old fund is not set to Use average cost.
    QWin Premier subscription
  • robertmich76
    robertmich76 Quicken Windows Subscription Member ✭✭
    Thank you very much. Exactly what I needed to do, including removing the Use Average Cost check mark in the security list.
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