I'm having trouble properly recording transactions from my Fidelity 401K account.

douglascherry
douglascherry Member ✭✭
in Registers & Transactions (Windows)

My companies end of year true up, resulted in some of the Safe Harbor and Employer Matches being taken out. Fidelity shows those two different ways; as Negative Contributions and as Adjustments which don't seem to work when they auto downloaded to quicken. How should I enter those transactions and where do I show the cash going since it went back to the company not to me. I'm using Quicken Classic Premier on Windows.

Answers

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

    You say that they don't work when downloaded … but be more specific. What exactly happens? What do those Fidelity actions download as?

    And the cash going back to the company would be a "Cash Transactions - Withdraw", with the same category used as when you 1st received the cash … thus netting out.

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

  • douglascherry
    douglascherry Member ✭✭

    This first snip is how they came into Quicken:

    image.png

    This next snip is how they appear in Fidelity (copied into Excel first):

    image.png

    There are no tax implications because Safe Harbor and Employer Matches so the excess funds go back to the company and not to me.

    Thank you

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