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Posted by John Pollard on December 26, 2006, 11:20 am
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Eric Bloch wrote:
> With Q 2006 Premier Rel QA5 on WinXP I have observed a
> reports problem that could result in erroneous tax
> returns. I do not use TT so I do not know if that would
> be affected.
>
> Manual or downloaded dividend entries for mutual funds
> and stocks are entered either as "Receipts of Cash
> Income" or "Income-Reinvested". This applies to
> dividends, interest, and all capital gains.
>
> If I use the Reinvested transaction to record the
> dividend and shares received AND then request a
> "Spending-Itemized Categories" Report I find that NONE of
> the transactions are included in the report.
Yes, this is a known bug; reported as early as December 2005.
Intuit knows about it.
As far as I know, it only affects the one report. You can get
correct category totals with transaction details by subtotalling
the Banking Transaction report by category. The Income/Expense
report, the Tax Schedule and Tax Summary report also correctly
use reinvestment transactions, among others.
> If I use a
> "Receipts of Cash Income" transaction and then a
> "Buy-Shares Bought" transaction then ALL of the
> transactions are included in the report.
> The easiest transaction to use for manual entry is
> Reinvest but that produces an erroneous report. If one
> makes a customized Total Capital Gains report including
> Realized Gains, Dividends, and Cap Gains (those indicated
> by a leading "_") then that report is also in error.
But this is not a bug. The Capital Gains report has always
reported "capital gains" only; never "capital gains
distributions". "Capital gains distributions" are not the same
as "capital gains".
--
John Pollard
First initial underscore Last name at mchsi dot com
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