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Reinvested Dividend Transactions

I’m using Quicken for Mac 2020. Is there a best practice (advantage or disadvantage) to entering reinvested dividends (or interest) as a single line Reinvest Dividend transaction? Or should I separate the reinvested dividends into two transactions, a Deposit and Buy?

I have one broker that separates dividend reinvestments into two transactions (Deposit/Buy), while another using a single line transaction.

I’m going to manually enter my transactions, so nothing will be downloaded. Obviously, single transactions who be simpler. I just want to make sure a single transaction would not impact tax reports, etc.

Best Answer

Answers

  • jess8887
    jess8887 Member ✭✭
    UKR,
    Thank you for your comments. I had the same felling, but as a new Quicken user I wanted to make sure I had not overlooked something.
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