This is the first time this has happened and I do not know how to enter the transaction into Quicken 2005. I have a dividend from a stock that I sold during the month so the dividend is reinvested in a different stock. I have always done the reinv div for the same stock.
Reinvest Dividend
Jun 04, 2006
1 Replies
"Richard Zalewski" wrote
You have two transactions: a dividend from the stock you sold, which will increase the cash in your investment account; and a buy of shares of the new stock for the same amount as the dividend, which will reduce the cash in your investment account. Net effect on cash = zero.
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