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Posted by Arnie Goetchius on December 20, 2006, 1:12 pm
Please log in for more thread options JM wrote:
> Art Prest wrote:
>> It is that time of year again when mutual funds distribute their gains and I
>> am having problems using the Quicken 2006 On Line One Step Update with all
>> my non-Fidelity mutual funds (e.g., Royce Total Return) held in my Fidelity
>> account. All distributions are being downloaded as dividends regardless of
>> whether the distribution is a long term, short term, or a dividend gain. It
>> is really annoying in that I have to go into every account and change the
>> false "dividend" gains to short term or long term gains. This happens
>> regardless of whether the fund is being held in an IRA or brokerage account.
>>
>> Is this a Fidelity problem or a Quicken problem? Is there a fix?
>>
>> --
>> To reply to me directly, delete "nospam_" from my email address.
>
> Based on my experience, problem is not with QW and may not be with FI -
> but with fund/security administrators. Find I have to wait for the
> Amended 1099 forms to issue to get it all sorted out correctly -
> usually early Feb - after the 'bean counters' get done crunching the
> numbers.
>
> And yes, have to go back and do some editing to match up with the
> 1099's.
>
Same with Schwab. Have to wait until March 1 to be sure the last of the
amended 1099s have been issued.
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