When selling a non IRA stock and depositing the money into checking what category do I use?

Marvin2020 Member ✭✭
edited March 13 in Investing (Windows)
I'm selling a not IRA stock and depositing the money in a checking account, I have long term capital gains. What category do I use? What tax line assignment do I use?


  • Rocket J Squirrel
    Rocket J Squirrel SuperUser ✭✭✭✭✭
    There is no category or line item. Quicken will automatically determine whether you had a long or short-term capital gain or loss.
    If you open the Sell dialog, you'll see there's no place for a category. There is a place where you can specify the destination of the proceeds. This will result in a SellX (Sell and Transfer) transaction in your brokerage account and a deposit into your checking account.

    Quicken user since version 2 for DOS, now using QWin Premier Subscription (US) on Win10 Pro.
  • Tom Young
    Tom Young SuperUser ✭✭✭✭✭
    Where was the stock originally recorded in Quicken? 
    Typically you'd have established the security in an Investment Account with a "Bought" action.  Then when you sell the stock with a "Sold" action Quicken automatically calculates the gain or loss and records that in the _RlzdGain Category for you.  Moving the cash out of the Investment Account doesn't use any Category, its a Transfer which is entered in the "from" Account as [Name of Checking Account] and in the "to" Account as [Name of Investment Account].
  • Marvin2020
    Marvin2020 Member ✭✭
    Thank You!!
  • Marvin2020
    Marvin2020 Member ✭✭
    Thank You !!
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