Q08 Update this AM?

No update here. In the past, I believe these "phantom" updates were just updating things like the online payees.

Dave

This question has been bothering me for some time. Quicken folds in dividends as part of the cost of mutual funds and stocks. This doesn't seem to be a good decision for motivating buys/sells or for tax considerations in shielded accounts. As an example:

Gain Day Transaction Price Amount Value Quicken Other 1 Buy $1.00 $1.00 $1.00 0% 0% 2 Dividend $1.00 $1.00 $2.00 0% 100% 3 $0.90 ----- $1.80 (20)% 80%

On Day 3 Quicken shows a loss of 20%, because the dividend is folded into the cost basis, but the actual gain is 80%. When buying/selling I would use the 80% as an indication to purchase and the (20%) as an indication to sell.

When taxes are considered it seems more befuddling to me because tax sheltered accounts (401k, Roth IRA, etc.) have no tax liability on dividends (and capital gains) and it seem to me that folding the dividends into the cost basis makes no sense at all.

What am I missing?

Is there any way to not use cost basis accounting?

thanks

"Hank Arnold (MVP)" wrote in news:477c6a34$0$9108 $ snipped-for-privacy@cv.net:

I didn't notice any kind of update this morning. Could it have been the regular FI update?

Intuit pushed out the help fix this way as well...