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Subject Author Date
Quicken and TT PareReposte 01-22-2008
Posted by PareReposte on January 22, 2008, 11:36 am
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 I use TT annually. I usually upgrade Quicken annually as well. I use
Quicken to create the Schedule D with all my broker transactions then
automatically transfer them to TT.

The reason I upgrade Quicken annually is to make sure it remains
compatible with TT. My question is, must I keep pairing these? I don't
really use any of the new features and would not upgrade Quicken if
assured that I could continue using the linkup with TT.

Please advise.

Posted by jo on January 22, 2008, 11:52 am
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> I use TT annually. =A0I usually upgrade Quicken annually as well. =A0I use=

> Quicken to create the Schedule D with all my broker transactions then
> automatically transfer them to TT.
>
> The reason I upgrade Quicken annually is to make sure it remains
> compatible with TT. =A0My question is, must I keep pairing these? =A0I don=
't
> =A0 really use any of the new features and would not upgrade Quicken if
> assured that I could continue using the linkup with TT.
>
> Please advise.

=46rom what I've read, Quicken 2008 is very buggy. If you read various
threads, you'll see that very few people upgrade every year, usually
about every 2 or 3. Since TT can download Schedule D (and B)
transactions from many brokerages, I wouldn't upgrade just for that
purpose. Investigate the online access and download facilities for
your brokerage; there is a large list within TT of which ones allow
downloading. I would much rather trust a download from the brokerage
than an import from Quicken. Even in the best of times, it is just
too easy to have a little (or big) mistake creep into Quicken
transactions. I do check the downloaded schedule information against
my Quicken records (and the 1099s), just to be doubly sure, but I have
never trusted Quicken enough to allow it to be the direct source of
ANY of my tax information. It's kind of a sad situation that these
products are not in lock step with each other, but I don't feel they
are. As an example, something I sold in December 2007 had a different
cost basis in Quicken then in the brokerage records. I investigated
all my records and traced it back to dividends that were reclassified
in Dec 2006 to be "non dividend distribution". I have to assume this
was ROP because it was the source of the reduced cost basis. But
there is no transaction in Quicken that reflects this
reclassification. Since I religiously download from my brokerage, I
very much doubt I missed one single transaction. I believe the
reclassification and cost basis adjustment was done only at the
brokerage level. Thus their records were correct and my quicken
records were not and I would have filed an incorrect Schedule D if I
had relied on Quicken. Just my experience and perception, FWIW.

jo

Posted by Ken Blake on January 22, 2008, 1:13 pm
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On Tue, 22 Jan 2008 08:52:06 -0800 (PST), jo

> From what I've read, Quicken 2008 is very buggy.


No problems at all with it here.


> If you read various
> threads, you'll see that very few people upgrade every year, usually
> about every 2 or 3.


That's generally my practice, but I upgraded from 2007 to 2008 a week
or two ago; I did it only because the sale price at Costco was so low.

In retrospect, I shouldn't have done it. The reason isn't because of
bugs, but because, from my perspective, there's no difference between
the two--at least not with the features *I* use.

--
Ken Blake
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Posted by Oilcan on January 23, 2008, 8:45 pm
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Ken, I agree. I do however find 2008 more stable especially on my Vista
Laptop.

Cheers!

Oilcan
> On Tue, 22 Jan 2008 08:52:06 -0800 (PST), jo
>
>> From what I've read, Quicken 2008 is very buggy.
>
>
> No problems at all with it here.
>
>
>> If you read various
>> threads, you'll see that very few people upgrade every year, usually
>> about every 2 or 3.
>
>
> That's generally my practice, but I upgraded from 2007 to 2008 a week
> or two ago; I did it only because the sale price at Costco was so low.
>
> In retrospect, I shouldn't have done it. The reason isn't because of
> bugs, but because, from my perspective, there's no difference between
> the two--at least not with the features *I* use.
>
> --
> Ken Blake
> Please Reply to the Newsgroup



Posted by Ken Blake on January 23, 2008, 9:52 pm
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wrote:

> Ken, I agree. I do however find 2008 more stable especially on my Vista
> Laptop.


Interesting. I ran 2007 and I now run 2008 on my Vista Ultimate
machine here, and I have had zero compatibility issues with either
one.




> > On Tue, 22 Jan 2008 08:52:06 -0800 (PST), jo
> >
> >> From what I've read, Quicken 2008 is very buggy.
> >
> >
> > No problems at all with it here.
> >
> >
> >> If you read various
> >> threads, you'll see that very few people upgrade every year, usually
> >> about every 2 or 3.
> >
> >
> > That's generally my practice, but I upgraded from 2007 to 2008 a week
> > or two ago; I did it only because the sale price at Costco was so low.
> >
> > In retrospect, I shouldn't have done it. The reason isn't because of
> > bugs, but because, from my perspective, there's no difference between
> > the two--at least not with the features *I* use.
> >
> > --
> > Ken Blake
> > Please Reply to the Newsgroup
>

--
Ken Blake
Please Reply to the Newsgroup

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