I am looking to convert the income from some of my non-retirement investments from "reinvested" to "cash", producing more cash to live on. I'm very confused about what I need to do to get an I&E for 2009.
It seemed to me that the Itemized categories report, or the Income & Expenses by Category report would provide the information I needed. But when I found no income for one of my investments I looked a little closer. I have now discovered that the Income section has no dollars that came in to the account from Reinvested Dividends. This is clearly income and needed to be reported as taxable, but isn't being included in these two reports. There is no way to crossfoot these reports to income on my Income Tax forms.
The tax schedule report does show these sources of income, but it's much harder to use that report to generate a proper I&E without making me cut and paste pieces from here and pieces from there.
Those guys at Intuit seemed so sophisticated financially. Why are they causing me this grief? (Or am I doing it myself?)