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Note: The transaction date should be earlier than the cost basis transaction date.Select the type of transaction you need to enter from the drop-down list. The Add Transaction sheet appears displaying the discrepancy in the number of shares.

Double-click the placeholder entry or click the Add Cost link.

This is required for accurate tax reporting and to get the correct long and short-term gain and other implications. If you want to track cost basis, use Quicken for tax purposes, or want to track the performace of your holdings, you should add the actual transactions to resolve the out-of-bound entry and get accurate cost basis. You just click the Add Guesstimate button and enter 30 shares and the average price/share. Your broker statement mentions that you have 80 shares for the same security. Based on the discrepancy in the number of shares, you can enter Average Price/Share or Cost Basis.įor example, you downloaded 50 shares of a security into Quicken.

Double-click the placeholder entry or click Add Cost.

An estimate gives you a high-level idea about the gain on that particular security.

If you are not using Quicken for tax purpose and have no time to trace the past transactions for the security, you can add estimates. You can resolve placeholder entries by using either of the following methods: Adding approximate estimates The next section explains the different approaches you can take to resolve placeholder entries, with examples to help you understand better. Whereas, when the number of shares you account for is less than the number of shares listed in the cost-basis entry, it is partially resolved. When the number of shares you account for is equal to the number of shares listed in the cost-basis entry, it is completely resolved. You can resolve them by entering one transaction or by manually entering your entire transaction history for that security. In order to get accurate tax projections and portfolio value, you need to fix these placeholder entries. So, if you have purchased some shares prior to that time, then that transaction is not downloaded and listed in your Quicken investing register. This may happen because many financial institutions restrict the data to be downloaded for past 90 days (or in some cases, past 1 year) only. It does not include the date of purchase or the price of the share. For example, if you downloaded 250 shares and your broker records 300 shares for the same security, Quicken adds a placeholder entry of 50 shares to make up for the difference.Įach placeholder entry identifies the security name and the difference in the number of shares. In such cases, Quicken adds a placeholder transaction to make up the difference. For any security, if the total number of shares listed in the downloaded investment transaction is not equal to the total number of shares represented in the Quicken investing register, then the security is called as an out-of-bound security.