I have set my MacOS setting to store/sync my desktop and documents folders in iCloud for some time. It allows the convenience of accessing these folders from various devices and locations. I believe, however that the Quicken data file is located on each computer's library>application supprt>quicken folder which is actually on the computer and remains there, not in iCloud. So, given this situation, the admonition against storing the data file in iCloud would not apply. Is this correct?
M1 iMac Sonoma 14.6.1
Quicken Classic Version 7.8.2 (Build 708.53926.100)