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Posted by patricksabourin on December 1, 2006, 7:47 am
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I am using Quicken XG 2006.
In real life scenario, I have a CAD stock account. From this account,
I can buy and sell CAD and USD stocks (ie, Nortel - CAD, or Pfizer -
USD).
When Pfizer gives dividends, on my statements I see the following:
Dividends - $ 1.05 in CAD.
Withholding Tax - ($ 0.06) in CAD.
Now, in Quicken, I am forced to enter this into a USD based account.
But I can do Transfer to Canadian Account.
>From the USD account, I can do a DIV transaction with transfer to
Canadian account and have $1.05 seen on the CAD account.
I use the MiscExp for the Withholding tax ($0.06) and enter the TAX
category. When I try to transfer this amount to CAD, Quicken tells me
that I am sending 0.06$ from Cad to US.
What is the best way to track USD withholding tax on dividends and have
the amounts transferred to CAD side? Can I keep the TAX category for
this type of transaction that is transferred to CAD account?
Any help will be greatly appreciated.
Thanks
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