Quicken is incorrectly treating Fidelity cap gains as dividends for non-IRA account

leishirsute
leishirsute Quicken Windows Subscription Member ✭✭✭✭
in Download, Add/Update Accounts (Windows)

Fidelity activity has always presented cap gains in its transaction activity as Type=Dividend (per Fidelity support) with the Description showing Long or Short Term Cap gain. Somehow, Quicken's DC connection to Fidelity was able to correctly determine an Action of long or short term cap gain from this. EWC+ has lost that ability and is treating cap gains distribution as Dividends.

I submitted a Problem Report to Quicken after speaking to Fidelity support about this.

Here's an example of what Fidelity shows in its transaction Activity:

image.png

and here's what Quicken downloaded:

image.png

With the DC connection, Quicken correctly set the Action to be CGLong or CGShort accordingly.

Any suggestion to get Quicken to properly set the Action for Fidelity Capital Gains?

Deluxe R64.30, Windows 11 Pro

Answers

  • NotACPA
    NotACPA Quicken Windows Subscription SuperUser ✭✭✭✭✭

    In 2 different IRA accounts, mine & wife's, I'm seeing the same thing.

    Also applies to Select Consumer Discretionary that also paid a CGLong on 11/11, but was reported as a Div.

    Q user since February, 1990. DOS Version 4
    Now running Quicken Windows Subscription, Business & Personal
    Retired "Certified Information Systems Auditor" & Bank Audit VP

  • mrzookie
    mrzookie Member ✭✭✭✭

    Today I received my first CG txn since migrating to EWC+ and I can confirm the same problem. In my case it happened with Fidelity Large Cap Stock FLCSX. Interesting that all the reports here are with Fidelity branded funds, although I suspect the problem will occur with all brands. I submitted a Problem Report.

    I'm running r64.25. Is anyone seeing the same with 64.35?

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