Return of Capital

Investor1
Investor1 Quicken Canada Subscription Member
in Canada Windows

Currently Quicken treats return of capital (RtrnCap) as an increase in Cash Balance yet no cash is received. In Canada, this treated as a reduction in the cost basis of the stock. Because it is treated this way, it is currently a useless function. You must track this information separately outside of Quicken or in notes so when the stock is sold you have to revise the stock cost basis. This should be corrected in the program.

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  • NotACPA
    NotACPA Quicken Windows Subscription SuperUser ✭✭✭✭✭

    I'm confused. If "no cash is received", what's being returned?

    Q user since February, 1990. DOS Version 4
    Now running Quicken Windows Subscription, Business & Personal
    Retired "Certified Information Systems Auditor" & Bank Audit VP

  • Ted User since 92
    Ted User since 92 Member ✭✭

    Perhaps no cash received in this case is a DRIP. (Dividend reinvestment program)

  • Ted User since 92
    Ted User since 92 Member ✭✭

    I think the ROC in the form of DRIP needs to be treated as cash in Canadian Quicken.

  • NotACPA
    NotACPA Quicken Windows Subscription SuperUser ✭✭✭✭✭

    So, if it's a DRIP, wouldn't that be "cash returned" that's immediately invested in the security?

    Q user since February, 1990. DOS Version 4
    Now running Quicken Windows Subscription, Business & Personal
    Retired "Certified Information Systems Auditor" & Bank Audit VP

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