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When changing a "Withdraw" Action to a Miscellaneous Expense, it still shows as "Withdraw"?

My new brokerage firm is downloading  a foreign tax expense  designated as a "Withdraw"  (Action).like so:
                        Date         Action        Security         Description -----------------------------------

Now, if I double-click the transaction, I am taken to this Window where I can change the action to Miscellaneous  Expense like so:

After I select the Enter/Done Button, Here is what the transaction in the Investment Register looks like:
                        Date         Action        Security         Description ---------------------------------------

Now, when I highlight the above transaction, it appears as such:
                        Date         Action        Security         Description -----------------------------------------

It seems to only affect the appearance of the transaction line; for when I double-click again, the Edit Miscellaneous Expense Window reappears showing the Action as Miscellaneous Expense. 

In the meantime, I just create a new Miscellaneous Expense entering the data  for the foreign tax from the Edit Miscellaneous Expense Window above shown, and delete the Withdraw transaction..

Does anybody else have this behavior?

Now running the 2019 Windows Subscription Plan
Retired - former Computer System Analyst

Best Answer

Answers

  • q_lurker
    q_lurker SuperUser ✭✭✭✭✭
    Off the top I believe I have seen that behavior possibly for a couple of years. I use the same fix== delete and re-enter as I want it. 
  • Boatnmaniac
    Boatnmaniac SuperUser ✭✭✭✭
    I'm not sure I understand your concern.  "Misc Exp" is a general catch all bucket action that can be used for a number of different things...all of which are investment expenses (i.e, tax impact related).  It's simply a withdrawal of cash to pay for something related to your investments.  So, "Misc Exp" is the correct action for this kind of transaction.
    But "Withdraw" is also a valid action for this type of thing because a "Misc Exp" is a withdrawal. 
    Either way, neither one has anything to do with tax classification.  That is controlled by the category and the category appears to be correct.
    So, what am I missing here?
    (QW Premier Subscription: R32.12 on Windows 10)
  • q_lurker
    q_lurker SuperUser ✭✭✭✭✭
    From my seat, it is not a big deal, but I prefer some uniformity.  If I've used MiscExp before for that type of transaction, I'd like to continue to do so.  

    While it appears one can simply edit the transaction and change the action to MiscExp from Withdraw, the reality is that the action does not change even though other aspects (like category) do change.  Thus the irritant.  In other cases, Quicken will not let you "save" an improper change.  In this case, no objection from the program.  It just doesn't do what you told it to do.    
  • Jerry_
    Jerry_ Member ✭✭✭✭
    Guys, I just don't like the appearance that is shown on the transaction line. In my  case, when my transaction is high lighted, the description field is confusing.

    Any reports generated are correct. The correct figure is place in the correct category.

    Now running the 2019 Windows Subscription Plan
    Retired - former Computer System Analyst
  • Jerry_
    Jerry_ Member ✭✭✭✭
    q_lurker, thanks for your observation.

    I think that the Program should either show the change of Actions correctly on the Transaction Register Line or flag such a change from a Cash.to Investment or Investment to Cash as Invalid via a Dialog Window. :D  

    I have enough problems with changing Dividends or Interest Transactions to Tax-free Ones. But that is another story. :D

    Now running the 2019 Windows Subscription Plan
    Retired - former Computer System Analyst
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