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:
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Your brokerage reports a share balance correction due to a transfer, reconciliation error, or corporate action that didn’t result in a sale.
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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.
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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
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Open the investment account.
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Click Enter Transactions.
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In the Enter transaction dropdown, select Remove – Shares Removed.
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Enter the transaction details:
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Date
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Security name
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Number of shares
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(Optional) Memo to explain the reason
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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
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The shares are removed from your holdings as of the transaction date.
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The Holdings view updates to reflect the new quantity.
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Your cash balance remains unchanged.
This transaction is helpful for maintaining accurate investment records when no cash is involved.