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System Category named “_DivInc” is missing tax line assignment – i.e., Schedule B

gtgerbo

Qucken’s canned “Tax Summary Report” is not picking up transactions categorized as “_DivIn” for the very simple reason that there is no tax line assignment to this category.

I have read a number of threads on this. Including but not limited to:

• Cannot add _DivInc Category to Budget
• No Tax Lines Assigned To Internal Tax Categories
• Why does Quicken mess up dividend income???

The tax line assignment is blank, empty, null. And, for whatever reason, I’m unable to add a tax line to this category. (I'm able to edit other system categories that have an existing tax line assignment.) The system will not allow me to delete “_DivInc” nor will it allow me to add a duplicate category with the same name. File repair via “Validate” fails to cure the issue.

Surely, there's a fix for this.

Using Windows 10/Quicken 2020.

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Jim_Harman

Please check the security details to make sure it is not marked tax free and the account details to make sure it is not marked tax deferred

gtgerbo

At Edit Security Details, check box for "Tax free" = unchecked.

At Account Details, radio for "Tax deferred = No.

Rocket J Squirrel

The category _DivInc should be pre-assigned the tax line item "Schedule B:Dividend income". Something has gone wrong if that assignment is missing. I can't test this because I can't reproduce it, but perhaps this procedure will fix it:

Open the Category List.
In the left column, select Investment.
At the bottom, check Show hidden categories.
You should now see all the investment categories. From what you said, _DivInc is missing its tax line item.
Click on the Options pull-down in the lower left and select Manage Categories.
Under Available Categories, choose Investment.
In the resulting list, select _DivInc and click Add. You should see _DivInc in the right side list.
Click OK to apply and dismiss the dialog.
Now look to see whether _DivInc has the correct tax line item in the main category list. You might have to close and re-open the category list.

Good luck, I hope this works.

gtgerbo

Rocket J Squirrel - - - > I followed your procedure to a T. Actually several times, closing and reopening Quicken between attempts. No luck. The tax line assignment remains blank. See screen shot below...

image.png

Rocket J Squirrel

Sorry it didn't work. I was hoping the "Add" would overwrite your corrupted _DivInc category with an uncorrupted version.

At this point, all I can think of is to contact Quicken Support and show them that screen shot or maybe let them share your screen.

Rocket J Squirrel

This nagged at me enough that I figured out a way to reproduce the missing TLI.

I did this by editing the file C:\Program Files (x86)\Quicken\TAX.SCD to remove the line

286&nbsp; LYA Dividend income

So, maybe, against all odds, your copy of TAX.SCD is missing that line. Here is the entire Schedule B block from that file with the line where it should be.

285 SNN Schedule B
524 LYP Seller-financed mortgage int.
287 LYA Interest income
288 LYA US government interest
289 LYA State and muni bond interest
290 LYA TE private activity bond int.
489 LYA Int. income, non-taxable
490 LYA Int. inc., taxed only by fed
491 LYA Int. inc., taxed only by state
492 LYA Int. inc., OID bonds
616 LYA Fed tax w/h, interest income
286 LYA Dividend income
683 LYA Qualified dividend
487 LYA Div. income, non-taxable
488 LYA Div. income, cap gain distrib.

615 LYA Fed tax w/h, dividend income

Because this file lives in a system folder, you will have to edit it as Administrator.

Sherlock

The way a user may clear the _DivInc tax-line item is by using the Tax Planner and selecting View tax line item used here while viewing the Dividends on the Interest and Dividend Income - Schedule B page, selecting Change for _DivInc, the Tax Reporting tab, unchecking Tax related category or clearing the selected tax-line item, and selecting Save.

The only approaches I know of that will recover the tax-line assignment is to restore a backup saved prior to the change or to create a new data file.

Rocket J Squirrel

That certainly seems the most plausible way the TLI would be lost from the category. I also don't know any way to restore it to a file that's lost it.

gtgerbo

Sherlock - - - - > No luck on the normal way.

Not sure when this started - might be years. Restore files don't go back far enough. A new data file is not an option for me at this time.

Thanks

Rocket J Squirrel

By the way, @gtgerbo , when you click "No" in response to "Did this answer the question?", this forum marks our responses as "Rejected Answer". This makes us look bad when we were only trying to help. We generally don't click on "No", but rather click "Yes" when a response really does answer the question.

gtgerbo

thanks for your help

markus1957

@Sherlock The subject category will not show up in Tax Planner Details now because the tax line assignment is missing.

I also tried to export/import a qif with only categories and found it did not work. The back door in Tax Planner to create this issue is still present and should be closed. A means to recover should also be implemented.

Adding- this question should not be statused as Accepted Answered because to the best of my knowledge there is no way to recover from this issue.

Rocket J Squirrel

I agree with @markus1957 that a solution is needed.

Even with the general rule that built-in investment categories beginning with _ should not be altered by the user, an exception should be made for those categories which have no tax line item. The user should be allowed to re-attach the TLI to the category.

NotACPA

Rocket J Squirrel said:

That certainly seems the most plausible way the TLI would be lost from the category. I also don't know any way to restore it to a file that's lost it.

I'm confused. How does this reply reconcile with your earlier reply to edit Tax.SCD?

Sherlock

NotACPA said:

Rocket J Squirrel said:

That certainly seems the most plausible way the TLI would be lost from the category. I also don't know any way to restore it to a file that's lost it.

I'm confused. How does this reply reconcile with your earlier reply to edit Tax.SCD?

This was @Rocket J Squirrel reply to the instructions I provided that show how a user may remove the tax-line associated with system category independent of the Tax.SCD.

Rocket J Squirrel

NotACPA said:

I'm confused. How does this reply reconcile with your earlier reply to edit Tax.SCD?

It doesn't. A malformed TAX.SCD was just an incorrect guess on my part. Sherlock provided the most probable set of actions to cause this issue.

JRod

I have the same problem. Is there a published solution for this? Quicken should create a fix for internal categories like _DivInc used by their software loosing its tax category which causes all the other internal features like Tax planner and reports to not report on important _DivInc transactions.

UKR

I just received a message from one of the Community moderators.

The programmers have received a ticket / request to make it possible to fix this broken record and to prevent it from being broken again, by whatever means that is currently possible.

So, stay tuned. It may take a few weeks until the next patch release cycle after R 24.11 (which is currently in limited release to a few thousand guinea pigs, er, customers at a time)

JRod

That is great news and would make the Quicken subscription I just signed up for worth it! Is there somewhere that this ticket/request is being tracked for latest status?

I had posted this issue also in the following thread and will put a message back to this one since it seems we will be getting a fix. https://community.quicken.com/discussion/7866840/quicken-tax-reports-not-using-divinc-internal-category-its-missing-the-tax-attribute#latest

JRod

@UKR Is there a way to check ongoing status of that fix you mentioned?

UKR

JRod said:

@UKR Is there a way to check ongoing status of that fix you mentioned?

No, I'm afraid there's no way for anyone to check on the status of a ticket with the programmers.

All I have available at this time is their internal ticket number, CTP-491.
Let's hope that someone from Quicken will let us know if there's an update.
I'm still hoping for a quick fix to be made available with the next batch of updates after R 24.11

JRod

@UKR Have you heard any word on this fix and ticket CTP-491? Hoping they release a fix soon.

UKR

JRod said:

@UKR Have you heard any word on this fix and ticket CTP-491? Hoping they release a fix soon.

Haven't heard a thing, but that doesn't mean anything. Quicken never announces when or if they are going to fix anything until the next patch release hits the streets.