Downloaded Vanguard Capital Gains are misclassified as Dividends

BarryMo
BarryMo Quicken Windows Subscription Member ✭✭✭
edited February 2024 in Investing (Windows)

Did transaction update via Direct Connect from Quicken today.

Instead of ReinLg these are being classified as ReinDiv. Same applies with ReinSh. Example:

Bad Vanguard Transactions.jpg

Comments

  • miklk
    miklk Quicken Windows Subscription SuperUser, Windows Beta Beta

    Those transactions are coded by the FI. Unfortunately, many do not get coded correctly.

    Quicken has no way to fix that since they are coded wrong.

    Vanguard mutual fund only accounts used to code them correctly. I suspect you are now in their brokerage and I have noticed they no longer code the long term or short term cap gains correctly.

    You need to manually edit by putting the amounts in the long term boxes.

  • BarryMo
    BarryMo Quicken Windows Subscription Member ✭✭✭

    Thanks for the response. You are correct about the brokerage aspect. Given the size of Vanguard and probable high impact to Quicken users, shouldn't Quicken log an issue with Vanguard?

  • miklk
    miklk Quicken Windows Subscription SuperUser, Windows Beta Beta

    I told Vanguard several times. I don't think they were too interested.

This discussion has been closed.

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