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How to Work with Tricky Investment Transactions in Quicken 2012

Quicken 2012 lets you record three common-to-tax-deferred-investment-account transactions by specifying several almost magical actions: shares out, stock split, and reminder transactions. You can tell Quicken to remove shares from an account — without moving the money represented by the shares — to some other account.

How to remove shares from an account in Quicken 2012

Why would you want to remove shares from an account using a shares-removed transaction?

  • You erroneously added shares to the account with the shares added transaction action and now you need to remove them.

  • You’re using an investment account to record old investment activity, such as activity from last year.

The first instance is self-explanatory because you’re simply correcting an error that you made. In the second case, however, you don’t want to transfer the proceeds of an investment sale to a cash account because the money from the sale was already recorded as a deposit at some point in the past.

You can record a shares-removed transaction directly into Quicken by clicking the Enter Transaction button and choosing Remove – Shares Removed in the Enter Transaction drop-down list box. Then fill in the rest of the fields in the dialog box the same way you would for a regular sell transaction. The only difference is that you won’t give a transfer account for the sale proceeds — because there aren’t any proceeds.

What to do in Quicken 2012 if stock splits and then doubles

Stock splits don’t occur very often; however, when they do occur, the company issuing the shares, in effect, gives you a certain number of new shares (such as two) for each old share you own.

To record a stock split, you click the Enter Transactions button and select Stock Split in the Enter Transaction drop-down list box. When Quicken displays the Stock Split version of the dialog box used to enter investment transactions, you indicate the ratio of new shares to old shares.

For a two-for-one split, for example, you indicate that you get two new split shares for each old unsplit share. The whole process is pretty easy.

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Reminder transactions in Quicken 2012

A reminder transaction is the electronic equivalent of a yellow stick-on note. If you put a reminder transaction in an investment account, Quicken gives you a reminder message on the reminder date. You can’t goof up anything by trying out reminders, so if you’re curious, enter a reminder transaction for tomorrow and see what happens.

You can post a reminder note by clicking the Enter Transaction button, selecting Reminder Transaction in the Enter Transaction drop-down list box, and filling in the dialog box that Quicken displays.

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You might want to use reminder transactions to record due dates for contributions to retirement accounts or for required minimum distributions amounts or dates.

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