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Qualified dividends

I'm using Q2004 Dlx. I like to have reports of all dividends and also reports on just Qualified dividends. Right now, I have two accounts whose dividends are not qualified and the rest of my accounts have 100% qualified dividends. So, for now I can include all accounts for all dividends and exclude the two accts for Qualified divs. But, in the future I was wondering whether there was a way to specify which type on each transaction. I was thinking of puting a class on them but it seems with the new investment form for entering transactions, it doesn't seem to allow classes. The only other thought I had was to come up with a new category, say "Div-nonqualified" for example and specify as Misc Income where you can specify a category and then use the standard category for Qual divs.

Just looking for suggestions.

Art

Reply to
Art Matz
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I don't know the "right" answer; but if you use Misc Income, you

*can* put a class on the category. So you would not necessarily need a new category.
Reply to
John Pollard

Yep, that works. I could put all dividends as Misc Income as _Div/Qualified and _Div/Unqualified. Or enter the Qualified Divs normally without a class and just enter the Unqualified as _Div/Unqualified since there are fewer of them.

Thanks for your > > I'm using Q2004 Dlx. I like to have reports of all dividends

Reply to
Art Matz

I created a category for qualified dividends - and assigned the tax attribute 'Sched B:Qualified Dividend' which is available in the standard list [in QW05]. Use the Misc Income entry to assign this category as you mention above.

It reports properly in the Tax Summary and Tax Schedule reports.

The only strange behavior observed is that if I do an itemized category report on this new category - get all the transactions with dates and proper $ amounts but the description column is blank.

Reply to
JM

I found "Sched B: Qualified Dividend" also in QW04 Dlx. But, then I guess that "Sched B: Dividends" is only the Unqual Divs but it should be the total of all Divs. I wish Q would allow you to assign more than 1 tax line to a category. But after looking at the options, I think I will use a class called "Unqualified", record the Unqualified divs in the Misc Income with that class and record the Qualified divs in the standard box. Then, for the Qualified Dividend report, I can check "Not classified" under classes to filter out the Unqualified.

Reply to
Art Matz

I've changed my decision from my previous post and I think I have found a more straight forward way. I am now going to leave all dividends in the standard box on the transaction form but I am now puting "Unqualified Dividends" in the memo field for those Unqualified dividends. For the Qualified Dividends reports, for "Memo Contains" I am puting "~unqualified" which filter out those Unqualified dividends.

Reply to
Art Matz

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