A CGLong transaction was downloaded as a RtrnCap

williams_sd
williams_sd Member ✭✭
edited January 2022 in Registers & Transactions (Windows)
When I downloaded transactions from my Schwab account to my Quicken Premier yesterday, I was pleasantly surprised to see a large Return On Capital distribution from one of my VG funds. I did some checking on it today, and in my Schwab account, the distribution is listed as a CGLong. I next checked the Vanguard site and saw that VG also categorized the distribution as a CGLong.

I'm just posting this as a warning, since this incorrect category has impact on tax liability (Return on Capital is not taxable). Since I pay taxes quarterly (retired), I need to be certain of income categories.

So, if you spot a distribution that downloaded as RtrnCap, I suggest you double-check it and don't celebrate too early.

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