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Posted by JM on May 21, 2007, 12:11 pm
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On May 21, 10:37 am, baga...@yahoo.com wrote:
> Hi
>
> I pay 401K disability insurance premium. This gets deducted from 401k
> account - basically on the dates the premiums are paid, some of the
> shares in the 401K account get sold to pay the premium.
>
> When I download the txns from the 401K financial institute, these
> premium txns come across as Quicken "sold" txns that put the proceeds
> into the 401K account as positive cash balance. I can convert these to
> Quicken "Removed" txns that just delete specified amount of shares
> from the account but then I loose the detail for total premium amount
> and share price used to sell the required number of shares.
>
> What is the best way to track these downloaded txns for the disability
> insurance premiums in Quicken?
>
> Thanks
> Bob
I would record the sell transaction(s) to generate cash in the account
and then record a Misc Expense transaction for the amount of the
premium. I would create an appropriate category for the insurance
premium.
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