Revinvested dividends reporting- Quicken H& B

In both version 2007 and 2008, reinvested money market dividends do not appear in the list of items of income under _DivInc in a report of income/expense by category. They do appear in a report of
Investment Income. The only clue I have is that the customization options in the Investment income report allow selection of Actions, and Reinvested dividends is included in that list. There is no option to do anything with Actions in the income/expense by category, but the _DivInc is clearly there and checked and Reinvested Dividends are not listed as a separate category (nor would I expect them to be). What am I missing?
Jo
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jo wrote:

I see a lot of reinvested money market dividends in my Q2008 Premier "Income/Expense by Category" report.
But I don't see any for my "tax free" money market funds.
Are all your mm funds tax free?
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John Pollard
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No. The one for which I'm not seeing transactions in the Category report is not tax free. I have others with other brokerages but haven't checked them to see if the same thing is happening.
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I have Quicken Delux 2008. Vanguard transactions are downloaded and recorded in the Transactions folder as DivX, they do not show up in the income\expense report in _DivInc. Just like you they do appear in the investment and tax reports. If you instead record it as Div and then a purchase it shows in the income\expense report. That's true for T Rowe Price too. However my USAA funds are downloaded as DivX and show up. Figure that out.
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I was pretty sure that would solve the problem, but hadn't gottten around to trying it. What a drag. Is this how you think Quicken should work??
jo
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It shouldn't work that way. However, since it appears to be a problem with the specific investment web site I'm dowloading from, I suspect it's a problem at their end and not Quicken.
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Charlie K wrote:

I am seeing much different results from the two of you, and I have investment accounts at Vanguard and USAA. My downloaded transactions from Vanguard and USAA are "almost" always correct ... and I have mm funds at both fi's, and the mm fund transactions are always correct.
For me, the only accounts I see that have any difference from what I do, or would, enter manually (a difference which is minor) are USAA "brokerage" accounts ... where "reinvestments" are treated differently (as they are in my other "brokerage" accounts) --- but then, reinvestments of non-mutual funds are not true "reinvestments", so I am not troubled by this difference.
For starters: do you have a Quicken "cash" account linked to your Quicken investment account?
What type of accounts are you having problems with? IRA? 401K? Non-tax-advantaged accounts?
Also: are your Vanguard/USAA accounts "brokerage" accounts (as opposed to pure mutual fund accounts?) Accounts where you buy and sell non-mutual fund securities?
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John Pollard
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John, et. al.
This issue with reinvested dividends has been discussed in the "other" forum on several occassions. Here is a link to one thread: http://www.quickencommunity.com/webx/.efd30e0/3?13 .
Judging from the date of this thread - appears the problem goes back to at least 2006.
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JM wrote:

Thanks, JM.
The link in the above post would not work for me, so I didn't see the original thread.
Your post in the "other" :) forum indicates the problem was with the "Itemized Category" report (and it still is).
But the op in this thread was having the problem with the "Income/Expense by Category" report. Also, in the "Itemized Category" report, no reinvestment transactions appear; the op in this thread says only money market reinvestments are missing in the Income/Expense report.
I see all my money market reinvestment transactions in my "Income/Expense by Category" report ... except those for tax free money market funds, which I assume to be correct treatment. I see them for Smith Barney, Vanguard, and USAA. I see them in tax-deferred accounts and non-tax-deferred accounts.
I have reinvestment transactions for these mm funds appearing in my Income/Expense report:
USAAX USAA Money Market Fund VMMXX Vanguard Prime Money Market Fund SBCXX Western Asset Money Market Fund (Smith Barney)
I can't think of any explanation for the missing mm funds.
[Q2008 Premier, R8]
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John Pollard
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John,
My problem account is with Smith Barney. The money market account there is not a linked cash account. It is a standard taxable account where I can buy whatever I want although until recently the only thing I had was the money market account. What I can't remember is whether I manually changed what came thru on the download from Divx to Reinvested because I thought that would simplify things. I'll check how all the payments were originally recorded online in the account and how the distributions of money market funds in other brokerage accounts have been treated, by me or Quicken. I sure think it's past time that I got closer to complete correspondance between brokerage and Quicken records considering how long I've been using this software. I don't depend on its reports for complete accuracy and don't export into Turbo tax since I have never trusted the totals going to the right place, but I know I can do better and want to understand all the idiosyncrasies possible.
jo
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jo wrote:

I don't keep that kind of info in my head, but I happen to have a test file that has some unaccepted Smith Barney transactions in it.
The downloaded transaction for my Western Asset Money Market Fund arrives as a "Miscellaneous income" transaction which becomes a "Deposit" transaction when I "accept" it.
A "Deposit" transaction can't be modified to a reinvestment transaction, so I must delete the downloaded transaction and enter a reinvestment transaction from scratch.
I have no idea why Smith Barney is sending a "Deposit" transaction when they could send a "Reinvestment" transaction or even a "Dividend" transaction plus a Buy transaction.
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John Pollard
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Now that I have looked at it online,I see that it (Western) is classified as a Reinvestment. However, until recently I couldn't download from this account (remember the password problem I had?) so I was entering these manually all year. So I don't know what the download would say but I made them Reinvestments and that does not show up in the By category report.
Another issue is that the October distribution, which *should* have downloaded as something since I reduced the password to 8 characters, appears not to have downloaded at all. I've been distracted lately so it's possible that it did and I didn't notice it or deleted it by accident, althought neither of these possibilities seems likely. guess I'll have to wait til next month to see. (Or I could set up a test file for the same account and not put in any of the year's history. Wouldn't the download bring me up to date and I could see how and if the money market distributions are coming thru?).
I've noticed that Deposit categorization somewhere else. I'll have to look at where and if the amount is recorded.
Thanks for the help as always.
jo
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jo wrote:

Please just confirm: you are referring to the "Income/Expense by Category" report.

Yes, I think that's a good plan. You can download to as many files as you like; downloading to one file will not affect downloading to any other file. So if you create a "New" file with just your SB account, you can see what Smith Barney downloads. You'll have to answer questions about "new" securities (if you don't set them up before the download), and you'll get offerred a bunch of placeholders; but it should still be worth doing.
My SB account online also shows me getting a "reinvest" for my mm fund dividend ... but it doesn't download that way.
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John Pollard
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Confirming Income and Expense by category report. Will try the rest of the suggestions soon. I've changed all the missing ones into a Div receipt followed by a Money Market purchase, so now the amounts are showing in the I/e by Category report. I just don't think I should have to do this.
jo
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jo wrote:

Is this a "Save"d report? Was it saved in a previous version of Quicken and "converted" to Q2008?
If so, what happens if you create a new Income/Expense report from the Quicken "Report" menu? [Note that the Income/Expense report defaults to excluding investment accounts.]
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John Pollard
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Yes, it's a saved report from an earlier version. I haven't had time to recreate it and am aware that investment accounts aren't included by default. I will follow up as soon as possible.
jo
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