Quicken enters a Placeholder Entry if you're missing part of your transaction history. For any given security, if the total number of shares bought or added in your transaction list doesn't equal the number of shares in your account, then Quicken enters a placeholder entry to make up the difference. Placeholder entries are shown in the Placeholder Entries section under the investment register of the account.
- Open the account you want to use.
- In the Placeholder Entries window below the register, see if there are any placeholders. You can quickly identify this by the number of placeholder entries displayed in the window header.
- If you just want to remove the placeholder entries, select Delete All, otherwise continue.
Note: You can also delete individual placeholder entries from your account register. - Select Enter Cost to edit the missing transaction. The Enter Missing Transactions screen will appear.
- In the Enter Missing Transactions dialog, click the appropriate option. Review the options below to learn more.
- Enter Missing Transaction
- In the investment transactions dialog, from the Enter transaction field, choose a transaction type, and then fill in the required information. In the Date field, be sure to enter a date prior to the placeholder's As of date (displayed on the Enter Missing Transactions dialog).
- Click Enter/Done.
- What happens next?
Quicken displays the Enter Missing Transactions dialog again. The transaction you just entered should be added to the Transactions as of list. The number of shares listed in the Holdings as of area, in the Shares in Placeholder Entry line, should be reduced by the number of shares you entered in this transaction.
- Click Enter Missing Transaction and repeat the above steps until you've entered all missing transactions.
- Estimate Average Cost
Enter the appropriate information, and click OK.
- If your statement reports Average Cost: In the Cost field, enter the total cost for all shares you own of this security.
- If you remember the price you paid or can look it up on your statement or financial institution website, enter the individual cost per share.
- Repeat this process for all securities that have placeholder entries.
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- Tips about tracking cost basis for mutual funds
By default, Quicken tracks the cost basis for stocks cost basis for stocks according to the lots you purchasedyou purchased. The IRS allows cost basis for some mutual funds to be tracked on an average cost basis. Use this only to track mutual funds. If you're uncertain as to whether a given security is eligible to be tracked using the average cost, contact your tax advisor.
If you change from lot ID to average cost, Quicken discards the lot information. Back up your Quicken data file before doing this.
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