Schwab Download: Return of Capital vs. LT Capital Gain
Good morning Q community. This morning I executed a One Step Update and two ETFs (in Managed Portfolios) distributed “Return of Capital” according to the Quicken description. Unfortunately, the distributions were Long-term Capital Gains according to our Schwab accounts. I went into the account registers and did an appropriate edit and now they’re reflected accurately. Has anyone else experienced this problem? I’m not expecting a solution. Frankly I probably need to be somewhat happy that (1) the transaction actually downloaded and (2) with an accurate amount. I guess that’s now the definition of progress.