Same stock in multiple accounts (tax free and taxable)

How can the dividends be properly recorded as tax free or taxable when the same stock is held in taxable and tax free (IRA) accounts?


  • Sherlock
    Sherlock SuperUser ✭✭✭✭✭
    I suggest you open the IRA account, press Ctrl + Shift + E, and choose Yes for Tax deferred.
  • Pflugrad
    Pflugrad Unconfirmed, Member
    Yes I already setup the IRA accounts indicating Tax Deferred. But the same stock is in the IRA account as well as the Taxable account. But the "reports" do not separate the dividends and interest.

  • Bob_L
    Bob_L SuperUser ✭✭✭✭✭
    Tax Reports should not show the IRA dividends.  Is that what you are looking at?
    Quicken Premier Subscription, Windows 11 Home
  • NotACPA
    NotACPA SuperUser ✭✭✭✭✭
    Whether the dividend is taxable or not is determined by the Account type ... not the stock type.
    I have the same stock (and the same funds) in both my taxable account and in my Rollover IRA ... and the dividends are handled correctly for each.
    You do NOT, as some have suggested here, need 2 different stocks (one taxable and one not) for what is, in reality, the same stock.
    Q user since DOS version 5
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