Mutual Fund Conversion transaction is not available

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Member admin
edited April 2022 in Investing (Windows)
This discussion was created from comments split from: Fix Mutual Fund Conversion so cost basis is correct if holding is set to "Use Average Cost".

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  • Quicken Windows Subscription Member
    As of Version R39.23, the Mutual Fund Conversion transaction is not available. I do not have Use Average Cost checked. Please provide the steps to convert a Fund's class as a non taxable conversion and maintaining the cost basis.

    I am very experienced computer program and Quicken user, but this is exactly the type of function that I expected as regular and that Quicken would handle.
  • Quicken Windows Subscription Member ✭✭✭✭
    I suspect you may not have set the original account register to support multiple securities: open the register, press Ctrl + Shift + E, choose No for Single mutual fund account, and select OK
  • Quicken Windows Subscription SuperUser ✭✭✭✭✭
    Extending @Sherlock's comment, a Single Mutual Fund type of account can't hold just one fund at a time ... it can ONLY hold the ORIGINAL FUND EVER.  This is the primary why, unless your fund company requires it, that SMF type accounts are a bad idea.

    Q user since February, 1990. DOS Version 4
    Now running Quicken Windows Subscription, Business & Personal
    Retired "Certified Information Systems Auditor" & Bank Audit VP

  • Quicken Windows Subscription Alumni ✭✭✭✭
    edited March 2022
    Mike.R.Court said: As of Version R39.23, the Mutual Fund Conversion transaction is not available.
    I just went thru this with my - TRowe mutual funds - which are setup as Single Fund per Account -
    What is your brokerage....



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