Vanguard Miscellaneous Expense transactions make no sense

cnewms

Mac: Version 9.2.2 (Build 902.61860.100)

macOS 26.6.2

I'm noticing this strange entry called "Miscellaneous Expense" for transactions when there should be only two transactions, Dividend Income and Reinvest Dividend.

Here are screenshots of the transactions on Vanguard's site and a screenshot of what Quicken for Mac is showing me.

I see this tag in the QFX file so maybe Vanguard broke something:

<FEES>33.69

jacobs

The <FEES> tag does seem to indicate Vanguard is encoding the transactions incorrectly in their QFX feed. A reinvested dividend can actually be sent as a single transaction, and Quicken can record a single transaction. But Vanguard brokerage accounts show two transactions: payment of the dividend and the purchase of additional shares. In Quicken, that should be recorded as a Dividend and then a Buy. But if Vanguard is sending it as a Reinvest Dividend transaction after sending a Dividend transaction, that puts things out of whack. So they're sending the Reinvest transaction with the number of shares but no cost, and then reducing the cash balance with that Fees/Miscellaneous transaction. That's pretty goofy — and it seems like it would mess up your cost basis.

I can't speculate about why this is wrong coming in from Vanguard. Is this new? Have they come in correctly in the past? For now, I would edit the Reinvest transaction to have the 33.69 dividend amount, and then delete the other two transactions.