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Subject Author Date
Confused on Catagories & Reports MMGilbert 09-05-2007
Posted by MMGilbert on September 5, 2007, 9:41 am
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 Specifically, I need a long tutorial on how to manage catagories so
reports work right for me.

When I sell a fund (for example) the catagory is automatically set to
_RlzdGain. I seem to have no control over that. Then when I do a Tax
Schedule Report, all items with _RlzdGain are listed as Schedule D
(correct) items and as LT gain/loss (not always correct at all.)

If Quicken can't break a transaction into LT and ST gains (I would
hope it could?) can I at least control this catagory assignment
manually?


Posted by MMGilbert on September 6, 2007, 9:37 pm
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 I guess it's a bit discouraging, with the (moderate) traffic here and
the expertise available, that I can't seem to get any help. If my
question is confusing, obvious, just plain stupid, etc. I'd still like
some help and/or guidance. Thanks.


Posted by MMGilbert on September 7, 2007, 9:27 am
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On Sep 6, 6:37 pm, MMGilb...@gmail.com wrote:
> I guess it's a bit discouraging, with the (moderate) traffic here and
> the expertise available, that I can't seem to get any help. If my
> question is confusing, obvious, just plain stupid, etc. I'd still like
> some help and/or guidance. Thanks.

I'm not sure why Han felt a need to offer no advice and then proceed
to hijack the thread for a totally different topic???

Entering stock (or mutual fund) buy sell transactions is quite easy -
simply do a buy or sell transaction in the appropriate account with
the shares, price, date, etc. I think my question is still on the
table 0 when a sell in entered, it shows up as a _RlsdGain, not as
STGain or LTGain (or both, if selling funds or stocks from multiple
purchases.)

How do I get this to reflect the proper short or long term gains in
the tax reports?


Posted by Han on September 7, 2007, 9:45 pm
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MMGilbert@gmail.com wrote in news:1189171635.230144.151900
@d55g2000hsg.googlegroups.com:

> On Sep 6, 6:37 pm, MMGilb...@gmail.com wrote:
>> I guess it's a bit discouraging, with the (moderate) traffic here and
>> the expertise available, that I can't seem to get any help. If my
>> question is confusing, obvious, just plain stupid, etc. I'd still like
>> some help and/or guidance. Thanks.
>
> I'm not sure why Han felt a need to offer no advice and then proceed
> to hijack the thread for a totally different topic???
>
> Entering stock (or mutual fund) buy sell transactions is quite easy -
> simply do a buy or sell transaction in the appropriate account with
> the shares, price, date, etc. I think my question is still on the
> table 0 when a sell in entered, it shows up as a _RlsdGain, not as
> STGain or LTGain (or both, if selling funds or stocks from multiple
> purchases.)
>
> How do I get this to reflect the proper short or long term gains in
> the tax reports?
>

As wrote before:

Quicken (generally) will do what you tell it, but according to it's own
rules. How do you enter these transactions?



--
Best regards
Han
email address is invalid

Posted by Han on September 7, 2007, 6:44 am
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MMGilbert@gmail.com wrote in news:1188999663.739589.187220
@g4g2000hsf.googlegroups.com:

> If Quicken can't break a transaction into LT and ST gains (I would
> hope it could?) can I at least control this catagory assignment
> manually?
>

Quicken (generally) will do what you tell it, but according to it's own
rules. How do you enter these transactions?

Now, to hijack this thread ...

For instance, what has me wondering is how to handle foreign tax
withheld. I get ING dividends and they are listed by Citibank's
SmithBarney as dividends of net say $85, but the memo field says say $15
tax withheld.

When, in the enter transactions window, I enter a dividend of $100 with a
-$15 miscelaneous transaction going to Tax/foreign, there is a net $85
cash dividend. When I hit OK, there will be 2 transactions in the
register: A Div of $100 and a MiscExp of $15 (neg).

I just hope that that is OK. So far I have not taken the foreign tax
deduction since this is in an IRA account. Can I do that even if it is
in an IRA?, And what do I do with the tax refunds that seem to keep
coming later?

--
Best regards
Han
email address is invalid

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