ETrade Div/Int on Sweep Account

ETrade apparently holds the cash in my brokerage accounts in some kind of bank sweep accounts. There's no "security" associated with this money -- it's just noted as cash. At the end of the month, via Quicken's download, I get an ETrade transaction which is the interest the cash made for the month. What Quicken downloads is a Deposit with a Payee of "Int", a Category of "Computer" and a Memo describing what it really is. In general, this sucks (since there's no link between the account and any of the standard Quicken interest categories). Since this is also a Roth IRA account, classifying the transaction as a Deposit REALLY sucks since Quicken will think I'm depositing money (a limited activity in an IRA).

Obviously, I have to manually re-enter this transaction as something else. But, as what? An Income event seems right, but it wants (doesn't need) a security. How do I associate the income to the sweep account? Do I generate a stand-in security for this or just ignore it? Also, since this sweep account is some kind of bank account instead of a security, I assume an Interest event is better than a Dividend one. Is that correct?

Reply to
DaveLessnau
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If yours is like mine, the money is kept in a "General Muni Money Mkt Fund". The interest/dividend is not taxable and I show mine as _DivInc. I tried showing it as a reinvestment of income, but it messed up my tax numbers. If it is downloading something that is not right, you might check the renaming page and see if it has been set up there.

Clark

Reply to
Clark

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