Vanguard reinvestment transactions incorrect

EmKay

This has always worked in the past (I only get these transactions 1x/year) but, tonight, I downloaded transactions from my Vanguard investment account and got 3 reinvested dividends transactions - except only ONE of them was really reinvested DIVIDENDS. The other 2 were LT and ST cap. gains, but they didn't come down that way. Is that a Quicken issue, or a Vanguard (which, obviously, shows the transactions correctly) issue?

Sherlock

The financial institution sets the investment transaction's income type.  You can confirm the same in in OFX Log if you like: select Help > Log Files and OFX Log

miklk

I had recently converted from mutual platform to their broker platform and as you noticed, Vanguard is coding the st and lt gains incorrectly on the brokerage platform. 

EmKay

The transactions are correct on Vanguard’s site but incorrect when downloaded into Quicken.

Tom Young

@EmKay
What you are seeing - transactions reported on the website correctly but improperly in Quicken - suggests an error on Vanguard's end.  Vanguard is responsible for creating the file of transactions that Quicken downloads.  You should be able to confirm this by looking inside the OFX file.

Bob_L

I assume you opened those dividend reinvestment transactions and confirmed they were not booked to capital gains, even though they say dividend reinvestment?

EmKay

@Tom Young ,
I'm not sure how to examine the OFX file for what I need to see. I can see the log file, but am not sure how to find the transactions in question in that log file.

@Bob_L ,
I'm not sure how to open them without accepting them, and I don't want to accept incorrect transactions so I just entered the transactions manually. The downloaded transactions have a ReinvDiv action attached to them, so I don't expect that they will book as Reinvested ST or LT gains. But I don't know if that will change when I accept them.

Rocket J Squirrel

You can easily correct the transactions after you accept them. Just edit the transactions and cut'n'paste the amounts into the correct boxes. I didn't have a Reinv transaction handy to illustrate, but you'll need to move the shares as well as the dollars.