Broker download

My broker download a reinvestment stock as 3 transactions. 
    1 a dividend transaction that adds the amount to cash
     2 a withdraw transaction removing the dividend amount from cash
     3 a Added transaction for the amount of shares purchased.
The added shares do not have a cost associated with it.

My other brokerage accounts downloads 1 transaction as a Reinvestment and the shares do have a cost associated with it.

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Answers

  • Jim_Harman
    Jim_Harman SuperUser ✭✭✭✭✭
    The second two transactions are wrong and you should delete them and replace them with a Bought of the number of shares in transaction 3 with the total amount of transaction 2.

    If your broker does this consistently, I am afraid your only recourse is to work with their tech support to try to get them to fix their interface to Quicken.
    QWin Premier subscription
  • NotACPA
    NotACPA SuperUser, Windows Beta Beta
    OR, delete the last 2 transactions and change the 1st to a Div Reinvest transaction, using the number of shares from transaction 3
    Q user since DOS version 5
    Now running Quicken Windows Subscription,  Home & Business
    Retired "Certified Information Systems Auditor" & Bank Audit VP
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