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Posted by jo on December 28, 2006, 3:11 pm
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Art,
I have the problem constantly with Smith Barney. Payments from Unit
Trusts consistently are downloaded as Misc Income. Off the top of my
head, this happens 100% with tax free UTs, but I think there are other
dividends/interest that download improperly (for me and you). Capital
gain distributions are frequently categorized as dividends. Everything
is correct on the Smith Barney site. It really is a PITA.
jo
Art Prest wrote:
> For my non-Fidelity mutual funds in both IRA/410K accounts and taxable
> brokerage accounts, the Fidelity home page for my account breaks up the
> distributions into Long Term Gains, Short Term Gains, and Dividends. But
> when they are downloaded to Quicken 2006 using the Quicken On Line One Step
> download they all get recorded as Dividends. For tax planning purposes I
> have to correct them because they are taxed differently. In the past I have
> always kept my accounts up to date manually based on the monthly paper
> reports that I receive from Fidelity and my records always agree with the
> 1099 that I get from Fidelity. I started using the On Line update last
> Spring and I am disappointed by the amount of work I must do to correct the
> errors that occur in the downloaded results.
>
> Is anyone else having this problem?
>
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