DivReinvest data entry in the Category field

kvanospam's Avatar

kvanospam

29 Jun, 2019 05:52 PM

Which INCOME category should I use for Reinvested Dividends? (my securities are in an IRA if it matters)

Also, there is a question mark displayed in front of the different Income Categories -- which would seem to indicate that there is some type of inline help available; however, I cannot figure out how to access those help functions/files.

thanks in advance.

  1. 1 Posted by dwg on 29 Jun, 2019 09:28 PM

    dwg's Avatar

    I'm a fellow user.

    There are no hard and fast rules, it often depends on the country you are in and the specific rules therein. For example in some countries some Dividends are taxable and some are not so you create two categories one for each and use them as appropriate. Where I am there are different types of Dividends and I have to report on each so I created categories to satisfy this requirement and assign as appropriate.

    I think you may need to provide a screen shot showing your question marks. There is no inbuilt help there so I think we may need to see what you are referring to.

  2. 2 Posted by sprimost on 30 Jun, 2019 01:19 AM

    sprimost's Avatar

    From: sprimost

    Just a fellow user. [US based....usage may vary depending on country and
    tax authority rules)

    I just create a number of income categories: Dividend for IRA, Dividend
    for Tax-Exempt, and Dividend (as in taxable). You can then assign a tax
    related line number for them so they can show on reports. The latter i
    womething I no longer use, since I will export the incme report to a
    spreadsheet, and, as long as I have the different categories, can
    compute income, etc. to compute estimated tax. (I think that is where
    you were leading?)

    /scp

  3. System closed this discussion on 29 Sep, 2019 01:20 AM.

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