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For additional information about placeholder entries, read How do I decide how to resolve placeholder entries? |
When using Quicken to track your investments, placeholder entries may appear in your account if there are missing transactions for a particular security. Quicken creates these placeholder entries to balance your account so that the total number of shares owned matches the number of shares in your transaction list.
While placeholder entries serve the purpose of balancing your account, they do not provide any cost-basis information for the missing transactions they're replacing. This can be a problem for tax reporting purposes, as you may need this information to accurately calculate your capital gains or losses.
It's important to resolve placeholder entries in a timely manner by entering missing transactions or estimating the average cost of the security. By doing so, you can ensure that your investment records are complete and accurate and that you have all the information you need to make informed investment decisions and file your taxes correctly.
If you're seeing placeholder entries in your investment register, here's how to resolve them:
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