New Schwab download mis-categorizing transactions

tedho
tedho Member
Since the new Schwab download process has been implemented, Capital Gain txns are being auto categorized as Return of Capital. See history from Schwab website today on attached image and then see how Quicken is auto categorizing.

This has got to be an issue for others and a bug in the download. Can the support team look at this? These are two of many year end transactions that have been mislabeled.
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  • Tom Young
    Tom Young SuperUser ✭✭✭✭✭
    This particular problem has been mentioned several time since Schwab's transition to EWC.  It seems to be one of the things that Quicken is "working on."
    https://www.quicken.com/support/charles-schwab-transaction-download-changes

    Other Known Issues

    We are working with Charles Schwab to fix the following known issues:

        Capital Gain Distribution transactions download into Quicken as Return of Capital transactions.

        Short and Long-Term Capital Gains Reinvestment transactions download as a Reinvestment transaction and an incorrect Buy transaction.

    UPDATE: An interim fix for these transaction download issues is in place as of 12/22/2021.  Capital Gains Distributions will download correctly and Reinvest Gains transactions will be accurately downloaded as an income transaction accompanied by a Bought (Buy on Mac) transaction.  We expect to have a permanent fix in place in January which will distinguish between Long and Short term capital gains; for the interim fix, all income will show up in Quicken as CGShort.

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