2005 Investing center transaction entering

I know that 2005 is passe, but I don't race to throw money at Intuit - they have more than I do.

Why, when I enter 'income reinvested' transactions, does the commission add to the dividend amount not subtract? I put the dividend amount in that box and the shares amount in that box, type in the commission and poof the 'Total' is now bigger than the company gave me. So if I want the total right, I have to go back and subtract the commission from the dividend amount myself and call that the 'dividend' which it isn't. I forget this every time and have to go back and correct it. You would think that the computer would do it.

Reply to
Chris Ness
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Why do you say that??? Most people find the current version they are using to be fine. I suspect that most people don't upgrade more often than every couple of years or more. If the application works for you, then it's "current"...

The behavior you observe is is still there... No reason to believe it will be any different in Q07....

Regards, Hank Arnold

Chris Ness wrote:

Reply to
Hank Arnold

Because the "Total" box is the sum of the boxes above it ... including "Dividend" and "Commission" ... exactly as I'd expect

I put the dividend amount in that box

SO, just record it as two transactions ... a Dividend Rec'd and a Purchase (with commission) ... surely no worse than your current dilemna/condition.

db

Reply to
danbrown

I don't have 2005, but suspect that what I see in 2006 (XG version) may work for you...

Enter the commission amount as a negative number, and it will subtract from the dividend amount to give you the correct total.

Hope this helps, vcard

Reply to
vcard

Curious: How common is it to charge commissions on reinvested dividends? I just doublechecked my Fidelity accounts that hold stocks (a brokerage account and a Roth IRA) and neither charges commissions on dividend reinvestment.

Reply to
DP

In the situation where the company is doing the Reinv themselves ... they sometimes buy the stock for the Reinv on the open market (rather than issuing Treasury shares) , so Commissions are incurred and spread among the participants.

OR, the company may engage in a combo of the two and eat the commissions.

It's my understanding that Fido sometimes runs their OWN Reinv program, wherein THEY manage the fractions and make the add'l purchases. On these type of plans, Fido eats the commission (which, since they're a broker/dealer, may be negligible/non-existant).

db

Reply to
danbrown

I have at least to companies that do that with their DRIP programs... I suspect that brokerages will either bury it in their expenses or in transaction itself...

Regards, Hank Arnold

DP wrote:

Reply to
Hank Arnold

Yes, I'm in Fidelity's drip, not the drips of individual companies I own stock in.

Reply to
DP

The dividend is the total amount they issue you and the commission is removed from that. It is not what is left over after the commission. Of course I can work around it, but it is not eaxactly as I would expect.

Reply to
Chris Ness

I'll try this next time. Thanks.

Reply to
Chris Ness

Altria charges a little on reinv, but Coca-cola doesn't and they both are through Computershare (both used to be Equiserve)

Reply to
Chris Ness

The "Dividend" that Q is looking for is the "Reinvested Dividend".

Regards, Hank Arnold

Reply to
Hank Arnold

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