How do I Change the Category for investments downloaded direct from Institution?

MichaelMLM

I'm using Mac/2019 version & TD-Ameritrade account. Most all transactions are listed correctly in the "Transactions" tab as "Dividend Income" which are taxable; however, there is one asset showing as "Dividend Income Non-Taxable". This is incorrect, but I can't figure out how to change it to the "Dividend Income" class as all the others. I tried "Edit" and retyped "Dividend Income," in the window between the date and the asset name, but that's what's already listed there (not "Dividend Income Non-Taxable").
Any recommendations?

jacobs

Could you first specify what version of Quicken you are using? Your profile says Quicken 2017, but it would help to know if you're on the current version.

I'm puzzled because neither Quicken 2017 nor Quicken 2019 has a default category called "Investments:Dividend Income Non-Taxable". (Quicken 2019 has Dividend Income Tax-Free"; Quicken 2017 has nothing like that.)

I'm also not clear where you're seeing this "Dividend Income Non-Taxable" -- you're saying it shows a Type of "Dividend Income" when you open the individual transaction, but when you view the register is shows a Type of "Dividend Income Non-Taxable"? Or are you seeing this in the "Description/Category" field? And it says "Non-Taxable", not "Tax-Free"? If so, I'm lost. If it says "Tax-Free", then then I think I understand.

Go to Window > Security and locate the security that is showing this Non-Taxable dividend, and double-click it to open the security. To the right of the security name, is the "Tax-free" box checked? This box being checked would result in a Description of "Investments:Dividend Income Tax-Free" in the register. Is that what you're seeing? If the security is not a tax-free (e.g. a tax-free bond mutual fund), then uncheck that box, and the description will change to "Investments:Dividend Income".

To the best of my knowledge, all this taxable/tax-free setting for the security affects is how Quicken lists the dividends on the Tax Schedule Report in the Schedule B section -- as either "Dividend Income" or "Div. income, non-taxable". (Ultimately, there are likely more nuances regarding your taxes than Quicken is equipped to handle. For instance, a tax-exempt bond fund's dividends may be free of federal taxes but subject to state taxes. I rely on my brokerage statement over my Quicken tax report when preparing my taxes.)

jacobs

Could you first specify what version of Quicken you are using? Your profile says Quicken 2017, but it would help to know if you're on the current version.

I'm puzzled because neither Quicken 2017 nor Quicken 2019 has a default category called "Investments:Dividend Income Non-Taxable". (Quicken 2019 has Dividend Income Tax-Free"; Quicken 2017 has nothing like that.)

I'm also not clear where you're seeing this "Dividend Income Non-Taxable" -- you're saying it shows a Type of "Dividend Income" when you open the individual transaction, but when you view the register is shows a Type of "Dividend Income Non-Taxable"? Or are you seeing this in the "Description/Category" field? And it says "Non-Taxable", not "Tax-Free"? If so, I'm lost. If it says "Tax-Free", then then I think I understand.

Go to Window > Security and locate the security that is showing this Non-Taxable dividend, and double-click it to open the security. To the right of the security name, is the "Tax-free" box checked? This box being checked would result in a Description of "Investments:Dividend Income Tax-Free" in the register. Is that what you're seeing? If the security is not a tax-free (e.g. a tax-free bond mutual fund), then uncheck that box, and the description will change to "Investments:Dividend Income".

To the best of my knowledge, all this taxable/tax-free setting for the security affects is how Quicken lists the dividends on the Tax Schedule Report in the Schedule B section -- as either "Dividend Income" or "Div. income, non-taxable". (Ultimately, there are likely more nuances regarding your taxes than Quicken is equipped to handle. For instance, a tax-exempt bond fund's dividends may be free of federal taxes but subject to state taxes. I rely on my brokerage statement over my Quicken tax report when preparing my taxes.)

MichaelMLM

Thanks for your response Jacobs! At 63, I'm trying to convert from Windows based systems to Macs. I've been a DOS/Windows user since 1978-79, so I apologize for the learning curve.
I'm using QKN 2019, as indicated in the originally post above, version 5.12.5; not QKN 2017.
Let me start by saying you nailed it correctly at first pass, I simply needed to go into the Investment Accounts list and uncheck the Tax-Free box - Thanks very much.
Regarding the questions you had, they're somewhat superfluous now since you've solved the dilemma, I was simply in the transactions view in an account.
On the left side pane if I click on the institute or account name the account "Portfolio" displays on the right, click on "Transactions" and a list of transactions displays, see first screen shot attached below. When I click on the individual transaction the detailed information displays, second screen shot.
Regarding the Non-Taxable verses the Tax-Free, I may have made that change designation 10-15 years ago, as I converted my Windows version to Mac version last week. I'd rather have the Tax-Free designation and will change this back.
Thanks again for your help!!!