Separate Qualified from Taxable Dividends in Reinvested Dividends.

Quicken downloads all dividends as Qualified dividends in the Re-invested Dividends downloaded from TD Ameritrade. How do you separate Qualified from Taxable Dividends when using the Re-Invested Dividends box?

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Answers

  • Jim_Harman
    Jim_Harman SuperUser ✭✭✭✭✭
    edited February 13 Accepted Answer
    Quicken has a Category for qualified dividends but no direct mechanism to record dividends as qualified. In fact, for mutual funds this information is often not known until it is reported on the 1099-DIV.

    For more info and to vote for Quicken to make improvements in this area, see this Idea post
    https://community.quicken.com/discussion/comment/20028506#Comment_20028506

    and this discussion
    https://community.quicken.com/discussion/7409871/qualified-dividends-entry
    QWin Premier subscription
  • NotACPA
    NotACPA SuperUser, Windows Beta Beta
    I use the Misc. option of the Div Income dialog, and then use _QualDivInc as the category.

    Q user since DOS version 5
    Now running Quicken Windows Subscription, Home & Business
    Retired "Certified Information Systems Auditor" & Bank Audit VP
  • Tom Young
    Tom Young SuperUser ✭✭✭✭✭
    "Quicken has a Category for qualified dividends but no direct mechanism to record dividends as qualified."
    You used to be able to reclassify dividends from the _Div Category to the _QualDivInc Category by entering a negative dollar amount using the Div action and then using the MiscInc action and the _QualDivInc Category for the same (positive) amount.  But you can't enter negative dollar amounts using the Div action anymore.