witholding tax on dividend

melfew's Avatar


21 Jul, 2017 02:41 PM

How do you enter a dividend and with holding tax and a dividend reinvestment in a transaction
Gross Dividend $108.00
withholding tax $42.75
Dividend re investment 2 shares @65.00
remaining cash 0.25

  1. 1 Posted by dwg on 21 Jul, 2017 10:32 PM

    dwg's Avatar

    One way is to enter it as a series of transactions

    1. Dividend transaction of $108
    2. A Xfer transaction of - $42.75 with an account/category of "With holding Tax"
    3. A buy transaction for the 2 shares

    That should leave your 25 cents

  2. 2 Posted by melfew on 22 Jul, 2017 07:38 PM

    melfew's Avatar

    Thanks. It worked


  3. System closed this discussion on 21 Oct, 2017 07:40 PM.

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