Reinvest Interest transaction
ostroffjh at users.sourceforge.net
Thu Dec 8 16:04:40 UTC 2016
On 2016.12.08 08:58, aga wrote:
> On 08/12/16 01:00, Mark Jones wrote:
> > [Reposting from KDE forum since this is a question for the devs]
> > Hi,
> > I have just finished importing several years of Quicken data into
> > My thanks to the developers for this impressive Quicken Killer.
> Great job!
> > As reported in bug #343256, I noticed that investment transactions
> of type
> > "ReinvInt" in the QIF file were ignored and I had to import them
> > from a CSV file. The investment income type (Dividend vs Interest)
> > treated differently for tax purposes where I live so I need to
> track this
> > in the transaction. I downloaded the kmymoney source code and have
> > implemented the fix to support "ReinvInt" but I have a couple of
> > about the "Reinvest Dividend" activity.
> > The "Reinvest Dividend" activity has a category selection drop down
> > "Interest" and I find the terminology in this dialog confusing. To
> > understanding, a security generates income of various types. The
> > type is important because it often has a tax impact for the
> investor. As
> > dividends and interest are two different income types, this
> dialogue would
> > make more sense to me if the activity was labeled "Reinvest income"
> and the
> > category drop down was labeled "Income Type" rather than
> "Interest". Am I
> > missing something? What was the intent of the "Interest" category?
> > Thanks in advance
> > Mark
> Hi Mark
> I'm not sure if wires are a bit crossed here?
> https://bugs.kde.org/show_bug.cgi?id=343256 is, as in its Subject,
> specific to the KF5 version, and also specific to CSV importing rather
> than QIF.
> That aside, it does appear that "ReinvInt" is not, and possibly never
> has been, supported. If you wish, you could submit your patch to our
> reviewboard from where it may be possible to incorporate them. It is
> most likely that this would be in the KF5 version, which has not yet
> been released. I'm assuming that your requirement is for the income
> purchase further stock?
> I suspect that the use of 'income' here is a generic term, used to
> signify that money has been earned. The 'income' field may be
> with, say, _IntInc, or any other suitable category type.
To expand on Allan's answer, I have created separate income categories
to use for investment transactions including (but not limited to)
short term capital gains
long term capital gains
all four of those duplicated for tax deferred versions
some of those duplicated for reinvestment transactions (more for my own
tracking than for tax differences).
Also note that the label on a dropdown (such as "Interest") does not
necessarily imply any particular restrictions on what you can choose.
If the dropdown shows categories, you can generally select any
category. In theory, you could also select an expense category,
although it wouldn't make much sense in this case.
Much of the terminology in KMyMoney (especially on the investment
screens) is perhaps somewhat simplistic, and sometimes confusing.
However, all developer efforts are currently aimed at completing the
porting to KDE Frameworks. I suspect one of the releases following
that might include terminology changes.
In my personal case, as has been discussed here (ad nauseum perhaps)
for a reinvestment my broker sends a dividend transaction and a
separate income transaction, so I always have to convert the dividend
to a reinvest-dividend, and then also delete the other transaction from
the brokerage account. So yes, there are lots of issues surrounding
dividend reinvestment transactions.
More information about the KMyMoney-devel