Using Fidelity DC connection, Quicken clearly showed taxable reinvested dividends for an investment account that has a linked cash account as transactions in the investment register with the Action = ReinDiv. These show up as taxable transactions in the tax reports.
Under Fidelity EWC+ connection, Quicken confusedly shows transactions in the linked cash account adding the dividend amount without any category designation for a taxable Dividend. Then in the corresponding investment account, Quicken adds a BoughtX transaction for the same transactions. The end result, is no taxable event is recorded for what should be taxable dividends.
For the core MMF, Quicken incorrectly labeled the core MMF dividend transaction for the account that has a linked cash account with action DIV instead of a DivX to have the cash show in the linked register. From what I'm reading Quicken/Fidelity has many months of corrections to make before EWC+ works with the equivalent features as DC.
Using Fidelity EWC+ connection, Quicken shows dividends received for some securities the in regular investment accounts with the comment "DIVIDEND RECEIVED…" with no Div designation to correctly categorize the dividends. Please make this work like the DC connections which correctly reports a DIV transactions. The DIVIDEND RECEIVED comment is so truncated, it can be ahrd to determine for to security the dividend belongs. See example below:
Can Quicken please return the behavior of the DC connection to the EWC+ connection and treat dividends correctly all accounts?
Conclusion: Month end processing was a mess. Core account FDRXX was no longer treated a core after it had been correctly used as core account for about a week. Dividends were incorrectly downloaded as deposits. Reinvested dividends were incorrectly downloaded as dividends. EWC+ connection is not ready for production use.
