How Do I Record Income (Dividend, Interest, or Capital Gain)?


Use the Income dialog to record the cash received from dividends, interest income, miscellaneous income (such as tax-free interest), and capital gains distributions (long-, mid-, or short-term).

For reinvested dividends or interest, including interest that stays in a CD or dividends that stay in a money market fund, use the Income Reinvested dialog.

  • Dividends
    When companies pay part of their profits to shareholders, those profits are called dividends. The amount of each share's dividend depends on how well the company does during a particular period. Typically, only larger companies pay dividends; smaller companies need to invest their own profits to grow. Some investors interested in producing income invest in dividend-producing securities; growth-oriented investors often also buy dividend-producing securities to round out their portfolio.
  • Capital gains distributions
    Money paid to shareholders by a mutual fund. It comes from sales by the fund of some of its underlying securities for more than their cost. The distributions you receive are a distribution of the capital gains from the fund. To record capital gains in Quicken, in the transaction list, click the Enter Transaction button and select Income.
  • CD
    Issued by a bank that borrows your money for a specified time and pays you interest at a fixed rate. The value does not fluctuate, but you pay penalties if you redeem it before its due date.  

1. Open the account you want to use.

2. Click Enter Transactions.

3. In the Enter Transaction list, select Inc - Income.

4. Use the applicable fields in this dialog to record income from a dividend, interest payment, or capital gain (not all fields are required). Click a link below for more information.

  • Type of income and amount
    Quicken provides six options: Dividend, Interest, Capital Gain Distribution Short, Capital Gain Distribution Medium, Capital Gain Distribution Long, and Miscellaneous. If you choose Miscellaneous, you can categorize the income using the Category for Miscellaneous field.
  • Transfer Account (Optional)
    Select the account you'd like the funds to be deposited in. If you leave this field empty, Quicken deposits the income amount in the account displayed in the Account list.

5. Click Enter/New to enter another transaction, or Enter/Done to finish. 

Notes

A medium-term holding period was used during the 1997 tax year

 

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