Interest Income Reinvest??
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Posted by Robert Schutt
on April 25, 2007 at 12:34:42:
Please excuse my lack of knowledge on Financial terminology and/or processes. I have FundManager v8.4. I download transactions from my JP Morgan 401k account in the form of qif files.
Here is an example in which I am having problems with Interest Income and whether or not I should be trying to have FundManager reinvest the Interest Income items. D04/24/2007
NIntInc
YFE Overseas-A
I26.88
Q 000000.0000
T69.97
MPre-tax
^
The above lines show exactly what is in the qif file. Notice there is no share number (Q).
After I try to edit this item that shows up in the Data Register for reinvestment, the Share Number, Dollar Amount is greater than what is displayed on the JPMorgan web site.
If I leave these items unaltered FundManager and JPMorgan web site match. Should I be trying to manually edit these Interest Income items to show up as reinvested?
Have you had experience with such qif files containing “phantom Interest Income” data that should not be reinvested.
Possibly JPMorgan handles these some other way or they really should not be listed?
Could these be listed indiscriminately for tax purposes in taxable and non-taxable accounts even though this is a 401k? ****************************************************************
Dividends do not need to be edited and show up as reinvested in the Data Register.
Here is an example of a Sell and Buy that shows the number of shares.
D03/23/2007
NReinvDiv
YAF Wash Mutual-R4
I35.29
Q 000000.0170
T0.6
MPre-tax
^
D04/24/2007
NSell
YFE Overseas-A
I26.88
Q -000013.3858
T-359.81
MPre-tax
^
****************************************************************
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