How to get "Income from Reinvested Dividends" to be included in Budget Income
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plahrdgolf
Member ✭✭✭
Does anyone know how to get income included setting up a budget on income from investment income derived via dividends "reinvested" to buy more stock that is income reportable for IRS purposes on Schedule B? True, it is not cash normally used in budgeting for expenses but it is "income" which I have to count for many other financial purposes and uses in doing business. Any helpful suggestions on how to get this included in budget income would be appreciated. THANKS!
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Comments
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It seems Quicken folks need to improve more on their "accounting" knowledge. There is still no means to get income from dividends reinvested to be included in setting up a budget. True it is not a "cash" type income but for income tax purposes and other financial reporting purposes it has to be included as income. Ergo, the need to budget for it in conducting business now days.2
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This should be something that they fix. I never had this problem with the Windows PC version. When I converted to Mac recently, this was a huge difference. You can see this in historical transactions and via reports but it never maps to your budget.
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This was implemented back in April 2019. See the info on how here:
https://community.quicken.com/discussion/7594545/investment-income-not-entered-in-budget-in-quicken-for-mac
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