How do I resolve placeholder entries


1. Open the account you want to use.

2. In the transaction list for the account, find a placeholder entry (you may need to scroll up), and then click Enter Cost.

3. In the Enter Missing Transactions dialog, click the appropriate option. Click a link 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.
      • What happens next?
        When you've entered all missing historical transactions prior to the As of date, then the Shares in Placeholder Entry line on the Enter Missing Transactions dialog will equal zero.
  • 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.
      • What happens next?
        Whichever value you enter, Quicken calculates the second value based on the total number of shares you own. 

4. Repeat this process for all securities that have placeholder entries.

Notes

  • Tips about which option to use
    • Enter Missing Transactions to get complete performance reporting and tax planning assistance. You'll need to enter the missing historical transactions for all securities you own.
    • Use the Estimate Average Cost shortcut if you're willing to estimate historical data for this security. Quicken will report approximate values for some performance and tax calculations

    For more information, see Decide how to resolve placeholder entries.

  • Tips about what you see in the Estimated Average Cost dialog
    In the As of field
    • If you added this account by downloading transactions and holdings information from your financial institution, then this is the date of your first download.
    • If you added this account by manually entering holdings information from a brokerage statement, then this is the statement ending date

    In the Holdings area of the dialog

    Quicken displays the following:

    • Total shares you own: This is the number of shares you own(ed) on the As of date.
      • If you added this account by downloading holdings information from your financial institution, then this number is from your brokerage's online records..
      • If you added this account by manually entering holdings information, then this is what you owned on the ending date of the statement you used to add the account.
    • Shares from transactions: These are the shares accounted for by any historical transactions you entered or downloaded prior to the As of date.
    • Shares in Placeholder Entry: This is the number of shares represented by a placeholder transaction. Whenever the shares entered in historical transactions doesn't equal the total number of shares you own, Quicken either prompts you to enter a Placeholder, or enters it for you. These are the shares that don't have historical cost basis (Total cost of all currently held shares of a security includes commissions, fees, and income reinvested in the security. If you use the average cost method to track a security (for example, a mutual fund), individual lots do not display the cost basis, and the abbreviation "avg. cost" appears in the Shares column, next to the number of shares. A specific formula is used to calculate cost basis for employee stock purchase plans (ESPPs).) information.
  • Tips about what you see in the Enter Missing Transactions dialog
    In the Transactions as of list

    Quicken displays all the historical transactions you've entered or downloaded for this security:
    • Date of the transaction
    • Transaction type
    • Description of the number of shares and the cost per share for each transaction

    In the Holdings as of area

    Quicken displays the following:

    • Total shares you own: This is the number of shares you own(ed) on the As of date.
    • Shares from transactions: These are the shares accounted for by any historical transactions you entered or downloaded prior to the As of date. These are in the transaction list above. As you add historical transactions, the transaction list populates and this number grows.
    • Shares in Placeholder Entry: This is the number of shares represented by a placeholder transaction. Whenever the shares entered in historical transactions doesn't equal the total number of shares you own, Quicken either prompts you to enter a Placeholder, or enters it for you. These are the shares that don't have historical cost basis (Total cost of all currently held shares of a security includes commissions, fees, and income reinvested in the security. If you use the average cost method to track a security (for example, a mutual fund), individual lots do not display the cost basis, and the abbreviation "avg. cost" appears in the Shares column, next to the number of shares. A specific formula is used to calculate cost basis for employee stock purchase plans (ESPPs). ) information. As you add historical transactions, the transaction list populates and this number shrinks. When it reaches zero, you've successfully entered all missing transactions as of the placeholder date. 
  • Tips about tracking cost basis for mutual funds
    By default, Quicken tracks the cost basis (Cost basis equals the total cost to you of a security you purchased. It includes commissions, fees, and mutual fund loads. It also includes all purchases, even reinvestments of dividends and capital gains distributions. However, it excludes the cost of any shares you have sold or given away. Also, it is reduced in a return-of-capital transaction.) for stocks according to the lots (A lot is a collection of security shares, grouped according to when they were purchased. For example, if you purchased 100 shares of Intuit last year, and 100 more shares today, these two groups of Intuit shares would be displayed on separate lines in the Portfolio, in the Name column. Each of these two groups is a "lot". When you sell, Quicken lets you specify how many shares to sell from which lot, and then subtracts the correct number from the lot you specify. (This can help you minimize the capital gains tax impact.)) you 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 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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