Stock Splits ("F" for Quicken Still)

BJY
BJY Quicken Windows Subscription Member
edited October 12 in Investing (Windows)

On August 15th, 2025 Charles Schwab executed a 7:1 split for SWTSX. I own SWTSX in THREE separate accounts and these three accounts are in my Investing section of quicken.

Utilizing the StkSplit function of the Transactions Section of one Quicken investing account which contains SWTSX I change the Old number of Shares to the New number of shares reflecting the split with it's new cost basis. Oddly, the other two Quicken investing accounts which also contain SWTSX now list the same 7:1 transaction in it's Transaction Section of the second and third Quicken investing account with the data which was for the first 7:1 split.

When I go to any of the three separate investing accounts and modify the transaction utilizing StkSplit function, all accounts containing SWTSX are changed to this new modification. The three accounts containing SWTSX cannot be isolated so each account transaction ledger could show the correct SWTSX shares and their cost basis.

I previewed the July 2024 back door solution but it still demonstrates that Quicken should repair or remove the StkSplit function on the Investing Section of Quicken. ChatGPT has numerous "Workarounds" to keep splits account-specific but they are workarounds and not true software code solutions nor stock market rational. So Quicken gets an "F" for Stock Splits which are account-specific.

Comments, Questions?

Comments

  • GDN
    GDN Quicken Windows Subscription Member

    I also own this in an account and the split transactions don't download, just the new price. I've given it a few days thinking it might download or catch up, but it hasn't. I was going to enter the manual stock split, but oddly my old shares and new shares don't look like an exact 1:7 split. I'll verify that with Schwab, but come on Quicken, at least get the txn downloaded and entered, it's in my Schwab account.

  • Stephen Hansen
    Stephen Hansen Quicken Mac Subscription Member ✭✭

    I have SWTSX in a Schwab, also. Since the 7-for-1 split on 8/15/2025, the portfolio value history has been wrong. There are many dates where the historical value of my account is given as 1/7th the actual value on that date. It seems the historical prices got divided by 7, for dates before the split.

    This is a basic accounting function. The value of a holding on Jun 1,2025 should be the number of (pre-split) shares that were owned on that date, times the prices on that date. The historical prices on dates previous to the split should NOT be altered.

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