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How can I split my Roth vs Salary Reduction contributions that share an account at Fidelity?

shadow4891

I have a 403b that I contributed to both as Roth and as tax-deferred. The amounts are not equal, not every contribution has both. When I download my transactions, there doesn't seem to be a way to distinguish the two. I can see the breakdown on my online transaction history, but it seems to get lost in the download to Quicken.

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Accepted answers

Jim_Harman

The interesting thing is that Quicken already (sort of) has the ability to track these "sub-account" contributions and the corresponding holdings as well in 401(k)s, but only with a preset list of sources that does not include Roth:
Employee pretax
Employee after tax
Employer match
Rollover
Employer profit sharing
Other vesting
Other non-vesting
Unknown

It appears that not all FIs support this in their downloads.

You can see the holdings in the Online Center if the FI supports it, but not in any of the reports.

All comments

Jim_Harman

I don't think there is any way to do this in Quicken. Some tax deferred accounts will track multiple cash sources for downloads but as far as I know Roth it's not one of the supported sources.

jr7107

In a similar transaction, I use a Tag in a Split Transaction for payroll deposit so that I can run a report that distinguishes the amounts. The Split Transaction has the separated amount in a transfer to the account, so I end up deleting an aggregate deposit that downloads form the FI but the Split obviously matches the total.

shadow4891

I am doing that with my current employer, I have set up my paycheck. The problem is I have 5 years worth of contributions from my prior employer that are with fidelity, and I can't find a way to split them. Quicken won't let you split the transactions in an investment account. Quicken's response was to change the share number of the downloaded transaction and add a manual transaction for the shares in the other amount.

Separately, it looks like Quicken still doesn't let you separate a single account into both tax-deferred and not (Roth). You'd think after 9 years they would've figured it out. I found someone with this same exact problem from 2010...

Roth employer retirement accounts are becoming more common. Quicken needs to figure it out.

Jim_Harman

It appears that not all FIs support this in their downloads.

You can see the holdings in the Online Center if the FI supports it, but not in any of the reports.

shadow4891

But wouldn't Roth just be employee after tax? This is actually the solution to my problem, I think! Problem is, I don't have a cash source button like you do...

Jim_Harman

No, you can make non-Roth after tax contributions to a 401(k) and that is what that source is for I think. Also see this discussion
https://community.quicken.com/discussion/7342785/401-k-cash-source

jr7107

I love this Community because I really learned something today. Let me throw a curveball now, and how do you track a source that is going to Fidelity BrokerageLink account and that investment?