Remove shares from an investment account without selling

You can remove shares from an investment account without recording a sale by using the Remove – Shares Removed transaction type. This removes shares from your holdings but does not affect your cash balance or record a gain or loss.

When to use this transaction

Use Remove – Shares Removed when:

• Your brokerage reports a share balance correction due to a transfer, reconciliation error, or corporate action that didn’t result in a sale.

• You need to manually remove shares that were transferred out of the account to another institution and you're not tracking the receiving account in Quicken.

• You accidentally entered duplicate shares and need to correct the quantity without affecting cash or triggering a capital gain.

Do not use this transaction to record a sale. To track sales with proceeds and cost basis, use the Sell – Shares Sold transaction instead.

Steps to remove shares

1. Open the investment account.

2. Click Enter Transactions.

3. In the Enter transaction dropdown, select Remove – Shares Removed.

4. Enter the transaction details:

   • Date

   • Security name

   • Number of shares

   • (Optional) Memo to explain the reason

5. Click Enter/New to enter another transaction or Enter/Done to finish.

Quicken records the removal as a ShrsOut transaction in the register.

What happens next

• The shares are removed from your holdings as of the transaction date.

• The Holdings view updates to reflect the new quantity.

• Your cash balance remains unchanged.

This transaction is helpful for maintaining accurate investment records when no cash is involved.