A wishlist for quicken investment

Question

1.     
Where could I find management / explanation investment
action item?

2.     
Is there a filter for security transaction by
date, action, income category, etc?

3.     
Is there filter for security list by currently owned,
etc?

4.     
Is there a way to modify _DIVINC to _DIVINCtaxfree
and _INTINV to _INTINVtaxfree?

5.     
If no support/functions on the above, how can we
make it a wishlist to quicken?

Quicken_Tyka · Accepted Answer

Hello Stephen,

Here is a list of the action meanings.  Let me know if this is what you had in mind.
https://www.quicken.com/support/actions-investment-transaction-list

This link covers creating investment transactions.

https://www.quicken.com/support/how-do-i-create-investment-reports

Hope this helps!

markus1957 · Accepted Answer

As for #4, those hidden system categories, taxable/tax free are automatically assigned based on whether the tax-exempt box in Security Details is checked.

#'s 2 &3 can be achieved via custom reports.

NotACPA · Accepted Answer

And, in #4, if you mean that the dividend is tax-free because it's in an IRA or 401(k) or similar retirement account ... it's the ACCOUNT status that sets it as tax-free.  It's not necessary to have the tax-free action also.

Jim_Harman · Accepted Answer

For correct tax reporting, you should check Tax free in the security details for tax exempt securities such as municipal bonds or muni bond funds. You should not check this box for ordinary mutual funds held in a tax deferred account like an IRA.

For IRAs, Roth IRAs, and other tax deferred or tax exempt accounts, you should check the Tax Deferred box in Account details. Selecting Retirement in the Account intent does not affect the account's tax status.

These settings cause income to be categorized correctly in Quicken's tax reports and the tax deferred accounts to be excluded from these reports.

markus1957 · Accepted Answer

The Investing Portfolio Value report will only show holdings in which you have a current position.  I "Hide" securities in the Securities List for which I no longer have an open position.

mshiggins · Accepted Answer

From C. D. Bales:
"Logically, _DIVINC should be used for taxable account and _DIVINCtaxfree be used for retirement account.  Placing the account with retirement status should automatically have a tax-free, _DIVINCtaxfree, status with deferral reminder for regular IRA at distribution."

Definitely not logical.

_DivIncTaxFree is necessary only for dividends from securities that are not taxable (such as municipal bonds), held in accounts that normally contain taxable holdings. Your allegedly "logical" approach completely ignores this, and the real need for the _DivIncTaxFree category.

Quicken tax reports exclude tax-deferred accounts by default; so there is no need for a special dividend income category in those accounts.

When taxes are due on distributions from retirement accounts, that is accounted for by the assignment of the appropriate tax line item to Transfers Out of the retirement account.