Can you seperate out an investment that is both tax-free and non-tax free?

Question

I have same investment in my  taxable brokerage account and also in IRA. Is there a way to mark one taxable and other non-taxable  and also not have them show  jointly in security detail?

Jim_Harman · Answer

Generally you should only have one entry in the Security List for each real life security. If it is held in more than one account, here is how to show the holdings separately:

* Go to the Security Detail page > Edit details and un-check the Tax free box. That setting is for securities like tax exempt bonds or bond funds.
* Go to the IRA account gear menu > Edit account details and make sure Tax deferred is set to Yes. With that setting, the account and thus any income and capital gains in it will be excluded from the Tax reports.
* To see the holdings separately in each account, go to the Investing > Portfolio pages and at the top of the page next to Group by, select Accounts. To see the combined holdings of each security, group by Security.

NotACPA · Answer

@thork,

The Security, as you've described it, is NOT tax free.  The IRA account is tax-free.  Mark it as such and your  issue goes away.

Q97 · Answer

This post explains the difference between the tax-free security flag and the tax-deferred account flag

https://community.quicken.com/discussion/comment/20134848#Comment_20134848

I think the Security Details screen always shows positions across all accounts, but the reports are more flexible.