u/Mom2NTBJ

Foreign Tax Paid

I am trying to correct some older transactions in my investment accounts. For reinvested dividends, quicken shows just the net dividend paid/reinvested and ignored the Foreign Tax paid completely. I believe these transactions were pulled from the broker which at the time was American Funds. To correct this, I am entering a DIV transaction for the amount of the foreign tax paid and then entering a MISC EXP transaction using a Foreign Tax Paid category that I created. Is this correct? Is there a better/ more accurate way to do this?

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u/Mom2NTBJ — 6 days ago