529 and Coverdell Gains and Dividend Income reported in Tax Summary Reports

jrm

Hi. Q2019 R17.6 Build 27.1.17.6 Windows.

I just went to generate a tax summary report and found that the Reinvested Dividend and long term gain transaction for a Coverdell account that I track, as well as the realized gains for both the Coverdell account and a 529 are showing up in the report, thereby skewing my numbers.

To simplify matters for here, I selected only a couple accounts, attributed to my son. Interestingly, as a side note, when I did that, the _401ContribSpouse (hidden category) appears and I can't figure out how to avoid that showing up.

The first attachment is a portion of the report that shows what I am describing. I have blanked out the personal information. The first handful of lines, with the completely blanked out lines can be ignored as they are in fact, legitimate to be on the tax summary, so are not pertinent to my question.

The lines relating to account "educ sav" and "529" are the cause of my question. I don't believe these transactions should be appearing in my tax summary report. Both accounts are set up with their appropriate category and are identified as tax deferred accounts. I have included a pic of the  account detail for one.

As far as I can tell, when I am tracking the dividends, gains, and sales, this are not distinct categories to use to for purposes of not associating with a tax schedule.

Am I missing something here? In the past, I deselected these accounts by default.

Thanks!

Jim_Harman

If you customize the tax summary report so that it does not include the educ save and 529 accounts, those transactions should not show up in the report.

jrm

NotACPA

jrm

NotACPA