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How to Assign "Return of Capital" to a Category

Jeffrey Kirk

Novice here. I would like to assign a "Return of Capital" item to a category, but when I enter the transaction, I do not get the options to enter a category or tag. Any help? I have tried changing the register settings, but was unsuccessful.

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q_lurker

There is no such option. Please expand on your expectation. Why do you need a category assigned?

My general observation: When you buy a security, Quicken seems to treat that as moving an asset from a cash pocket to an "investment" pocket. Just like a general cash transfer from checking to savings, that specific transaction is uncategorized. When you sell that security (hopefully for a gain), Quicken treats that as removing the original dollars from the "investment" pocket back to the cash pocket and crediting the profit (or loss) the the _RlzdGain category. Part of the sale is not categorized; part is categorized.

The RtrnCap transaction is a corollary to that. It is removing part of the dollars from the "investment" pocket back to the cash pocket, thus it is effectively a transfer and not categorized.

That is my observation; I have not rigorously validated and confirmed that perspective. It is also my spin on what I have noticed. I have never seen any documentation from Quicken developers to validate that viewpoint.

Further, I am not a tax pro, CPA, financial guru, etc., so while it makes sense to me, I won't comment on how well-trained, knowledgeable folks might think.

mshiggins

There is no such option. Please expand on your expectation. Why do you need a category assigned?

My general observation: When you buy a security, Quicken seems to treat that as moving an asset from a cash pocket to an "investment" pocket. Just like a general cash transfer from checking to savings, that specific transaction is uncategorized. When you sell that security (hopefully for a gain), Quicken treats that as removing the original dollars from the "investment" pocket back to the cash pocket and crediting the profit (or loss) the the _RlzdGain category. Part of the sale is not categorized; part is categorized.

The RtrnCap transaction is a corollary to that. It is removing part of the dollars from the "investment" pocket back to the cash pocket, thus it is effectively a transfer and not categorized.

That is my observation; I have not rigorously validated and confirmed that perspective. It is also my spin on what I have noticed. I have never seen any documentation from Quicken developers to validate that viewpoint.

Further, I am not a tax pro, CPA, financial guru, etc., so while it makes sense to me, I won't comment on how well-trained, knowledgeable folks might think.

Jeffrey Kirk

There is no such option. Please expand on your expectation. Why do you need a category assigned?

My general observation: When you buy a security, Quicken seems to treat that as moving an asset from a cash pocket to an "investment" pocket. Just like a general cash transfer from checking to savings, that specific transaction is uncategorized. When you sell that security (hopefully for a gain), Quicken treats that as removing the original dollars from the "investment" pocket back to the cash pocket and crediting the profit (or loss) the the _RlzdGain category. Part of the sale is not categorized; part is categorized.

The RtrnCap transaction is a corollary to that. It is removing part of the dollars from the "investment" pocket back to the cash pocket, thus it is effectively a transfer and not categorized.

That is my observation; I have not rigorously validated and confirmed that perspective. It is also my spin on what I have noticed. I have never seen any documentation from Quicken developers to validate that viewpoint.

Further, I am not a tax pro, CPA, financial guru, etc., so while it makes sense to me, I won't comment on how well-trained, knowledgeable folks might think.

My computer is currently down; am typing on cell. I will try to elaborate when net comes back up. In the meantime, I really appreciate the responses. I am truly confused as to how Q works re reports etc

NotACPA

I concur fully with q.lurker's assessment. There's no Category, because Q uses categories for income and expense transactions ... and a Return of Capital leaves you no richer, or poorer, than before the RtrnCap was recorded. You just moved money from 1 pocket to another.

If you want to see how this transaction impacts your ability to spend, look at a "Cash Flow" report.