Problems with Fidelity Investments Downloaded Transactions

I have been downloading transactions from Fidelity for several years now. In the past, when there were either dividends or capital gains on my mutual funds that were to be reinvested, I would have 2 transactions - the dividend or capital gain and then a purchase transaction.

Now I notice that in most cases, there is but one transaction - one that takes care of the dividend or capital gains and the purchase. This is great and how I would prefer. Hovever, when there are capital gains, there is a comment that it is fro capital gains, but the "transaction type" is for reinvested dividends. I then have to edit the transaction trype.

Anyone else having this problem. It sure is annoying! Has anyone already talked to Fidelity about this?

Reply to
Les
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I have to change the category of my Fidelity MA Tax Free dividends to _DblTaxFree everytime. Having a separate "Buy" transaction is right, but it wasn't always done that way.

Reply to
Stubby

any other Fidelity customers out there? What do you get?

Reply to
Les

"Les" wrote in news: snipped-for-privacy@adelphia.com:

I gave up on reliably downloading transactions long ago . I can't get the many different accounts to download properly.

Reply to
Han

I have an IRA with Fidelity. It's invested in Fidelity mutual funds (not through the Fidelity brokerage) and all distributions are reinvested. For the fund that had both dividend and capital gains distributions, the One-step Update download included two "Div" transactions, one said "Dividend Received" in the memo field and the other said "Long-term capital gains" in the memo field. There was only one "Bought" transaction that included the reinvestment of the total distribribution. As it's an IRA, the difference between dividends and capital gains doesn't matter, but I manually corrected the cap gains transaction anyway.

Reply to
Blackwood

I am having problems with Fidelity downloads also. My accounts in the past have shown a dividend rec'd and a buy for the reinvestment of the dividend. Since 11/30/05 I have been getting a Dividend posted transaction and a reinvestment of the dividend. The reinvestment dividend transaction is not lowering the cash balance in the account. As a result I am getting dividends posted twice. Anyone have this problem? It seems if Fidelity is using the dividend reinvestment feature it should not post a dividend to the account. This is done through the dividend reinvestment feature. Anyone know how to correct this so the transactions do not have to be edited each time?

Reply to
Ed

I called Fidelity about this problem; they agreed to look into it.

Reply to
Les

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