Which "Action" for transf cash fr Investing acct to checking account?
what is the best/correct Action to use in the Investing account register for a transfer of cash/dividends to my everyday checking account? IntIncX seems most likely but looking for confirmation.
TY to the kinds souls who reply.
Jim J
Best Answers
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The IntIncX would be for interest income directly transferred to checking. DivX would apply to a dividend directly transferred. If you are receiving several such distributions and making an aggregate transfer, you would use the applicable non-X transaction, and then a Withdraw or WriteChk transaction categorized to the [Checking account], or an XOut transaction.
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TY. CPA. will try this on for size.
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Answers
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The IntIncX would be for interest income directly transferred to checking. DivX would apply to a dividend directly transferred. If you are receiving several such distributions and making an aggregate transfer, you would use the applicable non-X transaction, and then a Withdraw or WriteChk transaction categorized to the [Checking account], or an XOut transaction.
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TY lurker. that does it.
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Alternatively, if the interest (or other investment income) is received in a non-retirement account, you can turn on the "Show cash in a Checking account" feature of the brokerage account.
This will cause a pseudo-checking account to be created with ALL of the cash transactions moved from the brokerage account to the pseudo-acct.
Q user since February, 1990. DOS Version 4
Now running Quicken Windows Subscription, Business & Personal
Retired "Certified Information Systems Auditor" & Bank Audit VP0 -
TY. CPA. will try this on for size.
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