Quicken - foreign taxes not downloaded

I think most people transmit information from Quicken to Turbo Tax at their peril because of situations exactly like this. You *can* do this, however, if you wait for your final 1099's, (1099's are due by the end of February and, even though they're often available earlier, earlier 1099's are frequently followed by "Corrected" 1099's), enter all correcting entries into Quicken, and then pass that information along to Turbo Tax. You still won't be able to pass along information about Qualifying dividends (re your earlier post) as no version of Quicken I've used has made this distinction.

This isn't entirely Quicken's fault, however, as a lot of the information of the 1099's isn't determined until some time after the fact.

Tom Young

Correction: 1099's that are sent to folks must be postmarked by 1/31. They are due to the IRS at the end of Feb (paper) or mid-March (electronically).

agree across the board - merely venting and getting these things posted for future reference & group searching

it's too bad that the Quicken protocol & file formats for the FI's aren't strict enough to encompass all these reporting issues...

"P.Schuman" wrote in news:YFosj.510$ snipped-for-privacy@nlpi061.nbdc.sbc.com:

At least one of my brokers (Schwab) is no better. You don't find out the true numbers until they issue 1099s in Feb. You can't get it from their web site or monthly statements. I then have to go back and change eg. reinvested dividend to dividend (gross), share purchase (net) and misc exp (foeign tax paid).

Quicken won't compute dividends or interest from US obligations or qualified dividends. I have to do that myself.

scott s. .