Why can't Budget use the category for reinvestment of capital gains? (edit: Q Mac)
There is a category for income for capital gains that are reinvested, but I can't use that category in Budgeting? The IRS considers that part of the income for the year, so part of our income doesn't show up in the budget for each month.
Answers
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Short and Long Term capital gains reinvested ARE available to you both in the Budget and in Reports. Just click on the Manage Budget Categories button:
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@Tom Young This was a Quicken Mac question, and your reply is for Quicken Windows.
@Barbara O'Keeffe There have been some longstanding bugs in Quicken Mac regarding this issue. Last I checked , Reinvested Long-Term Dividends show up as income in the budget, as expected, but Long-Term Dividends paid in cash do NOT show up in the budget. (I'd need to do some tests which I can't do tonight, to see if this is still the case. )
Quicken Mac Subscription • Quicken user since 19930 -
Yes, there is a category for Long Term Capital Gains, but that isn't the same category as Reinvested LongTerm Gains Category, which you can choose when entering info when in the Investment area. Both are used when tracking investments (and show up with their associated tax details when I looked at the All Categories list, but the reinvested LT or ST Gains don't appear to be available in the list of available Categories when editing the Budget.
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