Gain/Loss on Dividend Payments in IRA Accounts
Quicken seems to calculate the G/(L) on dividends paid to an IRA account at the price on the day the dividend is reinvested. However, I believe the cost basis should be 0, since these are non-taxable accounts and upon withdrawal, it is treated as ordinary income. I have tried to manually edit the transaction and I cannot make the cost basis 0 for any dividend reinvestment.
Is there a work around for this? I completely understand the process is correct for taxable, non-IRA accounts. I have double and triple checked that I have the account properly set up as a non-taxable IRA account in Quicken - I've been a user since Quicken DOS, so I've been around the block a few times with this stuff
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