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Inputting Partnership Transactions

billr

I am running Windows 11, Quicken Premier, version R63.21. On certain investment accounts, I can see the "partnership" transactions in the drop down transaction menu. In other investment accounts, "partnership" transactions are not in the drop down transaction menu. I can find no differences in the account setup details which would result in this difference in the selection of account transactions. Does anyone have suggestions as to how to configure all investment accounts so that "partnership" transactions show up in the drop down transaction menu? Thanks for any help.

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Comments

Quicken Jasmine

Hello @billr,

Thanks for reaching out!

It’s possible that the difference you’re seeing is tied to how Quicken categorizes the account or the securities within it behind the scenes, even if the visible setup screens appear the same. Sometimes certain transaction types only display if the account or security meets specific internal criteria.

A couple of questions to help narrow it down:

In the accounts where the “partnership” transactions are missing, what kinds of securities are currently held there?
Have those accounts ever had any partnership-type securities or related transactions in the past?
Are these accounts all the same type in Quicken (e.g., brokerage vs. retirement) or are there variations?

Looking forward to your response!

billr

There are various types of securities (stocks, ETFs. mutual finds, bonds and other) in both the accounts that accommodate partnership transactions and those that don't. No accounts have had partnership transactions previously—I have simulated partnership transactions using stocks, etc. and return of capital for distributions. Accounts that both allow and not allow partnership transactions are investment/brokerage accounts. I cannot find any distinguishing factors that would be a clue as to why certain accounts allow/disallow the partnership transactions.

[Deleted User]

@billr I know you mentioned that you checked the account set ups and could find no differences, but the one setting that I found that makes a difference in options available is the "Tax deferred" setting.

billr

I find that "tax deferred" makes no difference with respect to allowing partnership transaction. However, I did find one setting that makes a difference and is consistent among all my investment accounts. When "show cash in a checking account" is checked yes, partnership transactions are not allowed. When this setting is checked no. partnership transactions are allowed. Can you explain the logic for this coding? What would be the result if I checked "no" on the accounts currently checked "yes"? Would there be a major reconciling issue? Thanks.

[Deleted User]

@billr the ramification of changing that option is totally dependent on why it was selected originally. It is usually used for brokerage accounts that have a cash management feature that includes writing checks or using a debit card. It adds a checking account feature to brokerage accounts. It makes it easier to see cash transactions in a brokerage account. Otherwise, in my opinion, it is not needed.

As for reconciling I think it's the opposite. Having a linked checking account for a brokerage account makes reconciling more difficult. I have found that the reconciling feature becomes limited.

My guess for coding is that it is less logic and more capability.

Quicken Jasmine

https://community.quicken.com/discussion/comment/20503918#Comment_20503918

Thank you for sharing!

Hello @billr,

Please let us know if @CaliQkn's advice assists you!