I was using Quicken 2004; the transaction type is quite well hidden. It's
'Corporate Acquisition (stock for stock)'. The transaction works for any
type of security (incl mutual funds). When entered, it creates a 'Removed'
transaction for all of the old shares and multipule 'Added' transactions, one
for each lot removed, in the new security. Each 'Added' transaction keeps
the original 'Date Aquired' and 'Total Cost' intact.

I don't remember how I found this transaction type; I must have found
something in 'Help'.

It sure would be nice if Money did the same.


"Eric_G" wrote:

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What is the transaction type which you previously used in Quicken? I am
attempting to enter non-taxable mutual fund exchanges between funds but can't
figure out the appropriate transaction type. Please advise.


"pontis78" wrote:

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The Add Shares transaction gives you the opportunity to enter price (which
will give you cost basis). Date basis is trickier (Money doesn't do this
well), but changing the date of the transaction enough to get you LT
treatment might work.

--
Michael Gordon


"pontis78" <pontis78[at]discussions.microsoft.com> wrote in message
news:594A3161-56F7-499A-9FD6-6B57941D184B[at]microsoft.com...
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In microsoft.public.money, pontis78 wrote:

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Handling a Mutual Fund Reorg:

If your mutual fund is involved in a tax-free reorganization, or
a there is a tax-free merger where you don't originally hold both
funds:

1. Do an appropriate split of the fund. You will need to input
the split ratio a ratio of integers (1 ... 65535). Post the ratio
you want to achieve.

2. In the investment details, change the symbol.

3. Change the investment name.

4. Add a brief comment to the investment to explain the change.

I just switched to Microsoft Money from Quicken (1/07). I am pleased overall
with the conversion to Money, but I just realized the following issue:

Last year, one of my mutual funds was merged into another mutual fund (in
which I already owned shares). This is a non-taxable transaction in which
the cost basis of the original shares is maintained in the new mutual fund.

Quicken had a transaction type which covered the situation. Basically, it
Removed shares in individual lots from the one fund and Added them into the
new fund, preserving the purchase date and the cost basis.

The conversion to Money transferred the Remove shares and Add shares, but
did not bring along the purchase date and the cost basis. Now the purcahse
date and, more importantly, the cost basis are incorrect.

I have been unable to find how Money handles a mutual fund merger. Could
someone give me some help on this issue?

Thanks!