How do I enter a stock transaction to reinvest a dividend that has foreign tax included?

tmurtaugh Quicken Windows Subscription Member

September 2019 in Investing (Windows)

Have not been able to enter a foreign tax deducted from a dividend and have the cost basis come out correctly.

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Best Answer

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  Jim_Harman Quicken Windows Subscription SuperUser ✭✭✭✭✭

  September 2019 Answer ✓

  I think you should be able to enter it as
  Div (Gross amount)
  MiscExp (Tax amount)
  Bought (Net amount, # of shares, let Quicken calculate the price per share)

  QWin Premier subscription

  6

Answers

• 

  Jim_Harman Quicken Windows Subscription SuperUser ✭✭✭✭✭

  September 2019 Answer ✓

  I think you should be able to enter it as
  Div (Gross amount)
  MiscExp (Tax amount)
  Bought (Net amount, # of shares, let Quicken calculate the price per share)

  QWin Premier subscription

  6
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  Sherlock Quicken Windows Subscription Member ✭✭✭✭

  September 2019

  The foreign tax deducted should be entered separately:  A Div, a MiscExp, and a Bought.  If you haven't already, you may want to review: https://community.quicken.com/discussion/7822389/foreign-tax-on-investments-should-be-a-misc-exp-not-withdraw

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