Return of Capital


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 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