How to have Investment dividends show in Scheduled Bills and Deposits?

Philip107

I have a Investment account that is getting monthly cash dividends. I'd like to create a Reminder for these, so they show up in the Tax Planner as a projected amount. The way it is now a Investment Account Div transaction can't be scheduled as a reminder. Also, in the Tax Planner under the Interest and Dividends summary the Scheduled Bills and Deposits is greyed out.

I was wondering if I were to configure the Account as showing cash in a checking account if that would allow me to do this? My Wells Fargo Investment Account has a Sub Account that shows the available cash in it.

Quicken Jasmine

Hello @Philip107,

Thanks for reaching out with this question!

Yes, since Quicken does not allow you to schedule reminders for investment dividends directly in an investment account, a workaround is to use a linked checking account or a manual transaction in a non-investment account. Here’s how you can do it:

Option 1: Use a Linked Checking Account

1. Ensure Cash is Tracked in a Linked Checking Account:
   • If your Wells Fargo investment account has a sub-account that tracks cash, you can enable "Show cash in a checking account" in Quicken.
   • This allows you to record cash transactions (including dividends) as if they were in a checking account.
2. Schedule a Reminder for Dividends:
   • Go to Bills & Income > Add a Reminder > Income Reminder.
   • Set up a new income reminder for the dividend payment, selecting the linked checking account as the deposit account.
   • This should now show in the Tax Planner since scheduled deposits are included.

Option 2: Manually Track Dividends in a Non-Investment Account

1. Create a manual checking account in Quicken.
2. Set up a scheduled income reminder for the dividend amount.
3. Manually transfer the funds from this "mock" account to your investment account when dividends are received.
4. This ensures the expected income appears in the Tax Planner while keeping investment transactions intact.

I hope this helps, please let me know if you have any questions!

NotACPA

https://community.quicken.com/discussion/comment/20479183#Comment_20479183

Note that a Linked Checking account is only available in a Taxable account … not a Retirement account.

mshiggins

There is no need to create a linked cash account. You can create the income reminders directly for a brokerage or tax deferred account.

Quicken Jasmine

Hello @Philip107,

Thanks for reaching out with this question!

Yes, since Quicken does not allow you to schedule reminders for investment dividends directly in an investment account, a workaround is to use a linked checking account or a manual transaction in a non-investment account. Here’s how you can do it:

Option 1: Use a Linked Checking Account

1. Ensure Cash is Tracked in a Linked Checking Account:
   • If your Wells Fargo investment account has a sub-account that tracks cash, you can enable "Show cash in a checking account" in Quicken.
   • This allows you to record cash transactions (including dividends) as if they were in a checking account.
2. Schedule a Reminder for Dividends:
   • Go to Bills & Income > Add a Reminder > Income Reminder.
   • Set up a new income reminder for the dividend payment, selecting the linked checking account as the deposit account.
   • This should now show in the Tax Planner since scheduled deposits are included.

Option 2: Manually Track Dividends in a Non-Investment Account

1. Create a manual checking account in Quicken.
2. Set up a scheduled income reminder for the dividend amount.
3. Manually transfer the funds from this "mock" account to your investment account when dividends are received.
4. This ensures the expected income appears in the Tax Planner while keeping investment transactions intact.

I hope this helps, please let me know if you have any questions!

Philip107

Thanks. I'll give the linked checking account a try.

NotACPA

https://community.quicken.com/discussion/comment/20479183#Comment_20479183

Note that a Linked Checking account is only available in a Taxable account … not a Retirement account.

Philip107

This is working fine, thanks. However, you can't right mouse click a Div transaction in the linked Cash account and select Add Reminder as that creates a Transfer reminder. You must follow the instructions and create an Income Reminder manually.

I'll also note that the YTD Daily Average estimate that Quicken was using is pretty close to using scheduled reminders.

mshiggins

There is no need to create a linked cash account. You can create the income reminders directly for a brokerage or tax deferred account.

Philip107

@mshiggins

You're absolutely right. I went back to a previous backup before creating the linked account. Adding an Income Reminder manually for the Investment Div transaction does show up in the Tax Planner. Having a linked account isn't necessary.

What got me on the wrong track before was right mouse clicking on the investment transaction to create the Reminder. You must do it manually.