Return of Capital

[Jim Craig]

I was notified by my FI that part of the dividends of one of the securities
in my account were reclassified as "return of capital". I went back to those
transactions and changed them accordingly. Now I notice that if I print a
report, such as "Income vs. Expenses", these amounts show up as
"uncategorized". I looked at the category list an saw that there was no
"Return of Capital" on the list, so I added it. It still shows on the report
as "uncategorized". I added it to the list both as "Return of Capital" and
"RtrnCap", marked both as having tax implications and not, and nothing seems
to make any difference.

Not a huge problem, but has anyone else had this problem or have a solution?

--
Jim Craig
Hendersonville, NC

[Mike L]

On Sat 26 Feb 2005 12:38:32p, Jim Craig wrote in
news:38bu1dF5krl7uU1@individual.net:
I was notified by my FI that part of the dividends of one of the securities in my account were reclassified as "return of capital". I went back to those transactions and changed them accordingly. Now I notice that if I print a report, such as "Income vs. Expenses", these amounts show up as "uncategorized". I looked at the category list an saw that there was no "Return of Capital" on the list, so I added it. It still shows on the report as "uncategorized". I added it to the list both as "Return of Capital" and "RtrnCap", marked both as having tax implications and not, and nothing seems to make any difference. Not a huge problem, but has anyone else had this problem or have a solution?

It sounds like the type of account you placed this in is other than type
"Investment".

--

Mike

[Jim Craig]

"Mike L" <MikeL@ibehere.not> wrote in message
news:Xns960994A1F7A9ml@207.115.63.158... On Sat 26 Feb 2005 12:38:32p, Jim Craig wrote in news:38bu1dF5krl7uU1@individual.net: I was notified by my FI that part of the dividends of one of the securities in my account were reclassified as "return of capital". I went back to those transactions and changed them accordingly. Now I notice that if I print a report, such as "Income vs. Expenses", these amounts show up as "uncategorized". I looked at the category list an saw that there was no "Return of Capital" on the list, so I added it. It still shows on the report as "uncategorized". I added it to the list both as "Return of Capital" and "RtrnCap", marked both as having tax implications and not, and nothing seems to make any difference. Not a huge problem, but has anyone else had this problem or have a solution? It sounds like the type of account you placed this in is other than type "Investment". -- Mike

No, it's an Investment Account, and has numerous other dividends, interest,
capital gains, etc. all reporting correctly.

Jim

[Mike L]

On Sat 26 Feb 2005 03:47:22p, Jim Craig wrote in
news:38c97uF5kqjgnU1@individual.net:
"Mike L" <MikeL@ibehere.not> wrote in message news:Xns960994A1F7A9ml@207.115.63.158... On Sat 26 Feb 2005 12:38:32p, Jim Craig wrote in news:38bu1dF5krl7uU1@individual.net: I was notified by my FI that part of the dividends of one of the securities in my account were reclassified as "return of capital". I went back to those transactions and changed them accordingly. Now I notice that if I print a report, such as "Income vs. Expenses", these amounts show up as "uncategorized". I looked at the category list an saw that there was no "Return of Capital" on the list, so I added it. It still shows on the report as "uncategorized". I added it to the list both as "Return of Capital" and "RtrnCap", marked both as having tax implications and not, and nothing seems to make any difference. Not a huge problem, but has anyone else had this problem or have a solution? It sounds like the type of account you placed this in is other than type "Investment". -- Mike No, it's an Investment Account, and has numerous other dividends, interest, capital gains, etc. all reporting correctly. Jim

Oh, it's an Action not a Category... so you were just looking in the
wrong list.

--

Mike

[Jim Craig]

"Mike L" <MikeL@ibehere.not> wrote in message
news:Xns9609B60054D63ml@207.115.63.158... On Sat 26 Feb 2005 03:47:22p, Jim Craig wrote in news:38c97uF5kqjgnU1@individual.net: "Mike L" <MikeL@ibehere.not> wrote in message news:Xns960994A1F7A9ml@207.115.63.158... On Sat 26 Feb 2005 12:38:32p, Jim Craig wrote in news:38bu1dF5krl7uU1@individual.net:> I was notified by my FI that part of the dividends of one of the> securities in my account were reclassified as "return of capital". I> went back to those transactions and changed them accordingly. Now I> notice that if I print a report, such as "Income vs. Expenses",> these amounts show up as "uncategorized". I looked at the category> list an saw that there was no "Return of Capital" on the list, so I> added it. It still shows on the report as "uncategorized". I added> it to the list both as "Return of Capital" and "RtrnCap", marked> both as having tax implications and not, and nothing seems to make> any difference.>> Not a huge problem, but has anyone else had this problem or have a> solution? It sounds like the type of account you placed this in is other than type "Investment". Mike No, it's an Investment Account, and has numerous other dividends, interest, capital gains, etc. all reporting correctly. Jim Oh, it's an Action not a Category... so you were just looking in the wrong list. Mike

Yes, it's an Action, like Div is an Action that flows to _DivInc or
_DivIncTaxFree, depending upon how the security is classified, and the
amount shows up in the report under that category. It just seems like the
amount of a Return of Capital should flow to a category so that it can show
up on a report that way instead of being "uncategorized".

Jim

[Mike L]

On Sat 26 Feb 2005 06:55:58p, Jim Craig wrote in
news:38d051F5mko2rU1@individual.net:
"Mike L" <MikeL@ibehere.not> wrote in message news:Xns9609B60054D63ml@207.115.63.158... On Sat 26 Feb 2005 03:47:22p, Jim Craig wrote in news:38c97uF5kqjgnU1@individual.net: "Mike L" <MikeL@ibehere.not> wrote in message news:Xns960994A1F7A9ml@207.115.63.158...> On Sat 26 Feb 2005 12:38:32p, Jim Craig wrote in> news:38bu1dF5krl7uU1@individual.net:>>> I was notified by my FI that part of the dividends of one of the>> securities in my account were reclassified as "return of capital".>> I went back to those transactions and changed them accordingly.>> Now I notice that if I print a report, such as "Income vs.>> Expenses", these amounts show up as "uncategorized". I looked at>> the category list an saw that there was no "Return of Capital" on>> the list, so I added it. It still shows on the report as>> "uncategorized". I added it to the list both as "Return of>> Capital" and "RtrnCap", marked both as having tax implications and>> not, and nothing seems to make any difference.>>>> Not a huge problem, but has anyone else had this problem or have a>> solution?>> It sounds like the type of account you placed this in is other than> type "Investment".>> Mike No, it's an Investment Account, and has numerous other dividends, interest, capital gains, etc. all reporting correctly. Jim Oh, it's an Action not a Category... so you were just looking in the wrong list. Mike Yes, it's an Action, like Div is an Action that flows to _DivInc or _DivIncTaxFree, depending upon how the security is classified, and the amount shows up in the report under that category. It just seems like the amount of a Return of Capital should flow to a category so that it can show up on a report that way instead of being "uncategorized". Jim

Categories aren't really a priority item with investment transactions.
As you can probably see in your version of Quicken, there is no place to
even enter a category in the Return of Capital type of transaction...
therefore in these type of cases, "no category" appears to be a feature.

--

Mike

[Victor Roberts]

On Sun, 27 Feb 2005 05:24:48 GMT, Mike L <MikeL@ibehere.not> wrote:
Categories aren't really a priority item with investment transactions.As you can probably see in your version of Quicken, there is no place toeven enter a category in the Return of Capital type of transaction...therefore in these type of cases, "no category" appears to be a feature.

Some people would call this sloppy bookkeeping. Interesting that you
see it as a "feature".


--
Vic Roberts
Replace xxx with vdr in e-mail address.

[Mike L]

On Sun 27 Feb 2005 09:14:42a, Victor Roberts wrote in
news:uvo3219maon85cvnc5tk4a0sogefqdab4r@4ax.com:
On Sun, 27 Feb 2005 05:24:48 GMT, Mike L <MikeL@ibehere.not> wrote:Categories aren't really a priority item with investment transactions.As you can probably see in your version of Quicken, there is no place toeven enter a category in the Return of Capital type of transaction...therefore in these type of cases, "no category" appears to be a feature. Some people would call this sloppy bookkeeping. Interesting that you see it as a "feature".
I was not promoting this as a positive feature (now that would be possibly
interesting), just pointed out that it IS software feature of Quicken...

feature ----> as in no way around it VS option [not all that interesting] -- Vic Roberts Replace xxx with vdr in e-mail address.



--
Mike

[Victor Roberts]

On Sun, 27 Feb 2005 17:15:27 GMT, Mike L <MikeL@ibehere.not> wrote:
On Sun 27 Feb 2005 09:14:42a, Victor Roberts wrote innews:uvo3219maon85cvnc5tk4a0sogefqdab4r@4ax.com: On Sun, 27 Feb 2005 05:24:48 GMT, Mike L <MikeL@ibehere.not> wrote:Categories aren't really a priority item with investment transactions.As you can probably see in your version of Quicken, there is no place toeven enter a category in the Return of Capital type of transaction...therefore in these type of cases, "no category" appears to be a feature. Some people would call this sloppy bookkeeping. Interesting that you see it as a "feature".I was not promoting this as a positive feature (now that would be possiblyinteresting), just pointed out that it IS software feature of Quicken...feature ----> as in no way around it VS option [not all that interesting]

Sorry. I usually associated the word "feature" with something
desirable. I see that at least one version of Webster's does not agree
with me.


--
Vic Roberts
Replace xxx with vdr in e-mail address.