User manual INTUIT QUICKEN FOR MAC 2006

[. . . ] All rights reserved. Trademarks Intuit, the Intuit Logo, Quicken, Quicken Loans, QuickBooks, TurboTax, and QuickBase, among others, are registered trademarks and/or registered service marks of Intuit Inc. The Dollar Sign logo is a trademark and/or service mark of Intuit Inc. Various Quicken products and services are protected by pending and one or more of the following issued U. S. Apple, the Apple Logo, Macintosh, Mac, the Mac logo, Mac OS and . Mac are trademarks and/or service marks of Apple Computer, Inc. , registered in the U. S. A. [. . . ] Instead, use an asset account and adjust the balance when you get your statement. To keep track of the different funds that make up your 401(k) without using a 401(k) account, use a separate asset account for each fund. Organizing securities in an investment account If you've decided to track one or more of your investments in a Quicken investment or mutual fund account, the following table gives recommendations for grouping securities in investment accounts. Chapter 14, Tracking investments 209 Security type Brokerage accounts IRAs, 401(k) accounts, or other retirement accounts Recommendations Use a separate Quicken brokerage account for each actual brokerage account or other managed account you have. Even if you don't have securities with fluctuating prices in your retirement account, you may want to set it up as a Quicken 401(k) or IRA account, since you may change the investments later. Use separate Quicken 401(k) or IRA accounts for your retirement account and for a spouse's retirement account. If you have a few individual securities that you hold directly, you may want to set up each one as a separate Quicken brokerage account; then you can easily reconcile each account with its statement. Or you may want to lump all the securities in a single Quicken brokerage account, especially if you have other brokerage accounts; then you can subtotal these securities by account in reports and track them as a group. Securities you hold directly Chapter 14, Tracking investments 210 Deciding how to set up your securities When you set up a new security in an investment account, you have three options. · Name and type of security · Date, amount invested, and number of shares (or price per share) for the initial purchase · All subsequent transactions (including buys, sells, reinvestments, gifts, stock splits, and returns of capital) · All dividends, interest, and capital gains distributions for the current year · (Optional) All nonreinvested dividends, interest, and capital gains distributions for prior years (to give you a more complete value for past performance; does not affect cost basis) · Price per share at the end of last year, for prior years (if available), and for today · Anything else that may affect its price or performance history Advantages · All Quicken reports are complete and accurate. · If you sell a security, the capital gains report displays the purchase dates, amounts invested, and the realized gain, so you can use this report to prepare Schedule D tax information. · When you sell a security, you can specify which lot or lots to sell to minimize or maximize your taxable capital gains--both long-term and short-term. · All your investment records are in one convenient place, making it easier for you to analyze your investments and produce data for tax and other purposes. Disadvantages · You have to locate data for transactions that occurred in the past. · You must spend time entering all past transactions. Chapter 14, Tracking investments 211 Setup option Option 2: Set up for this year. Enter your investment holdings as of the end of last year and all transactions for each security since the beginning of this year. · Name and type of security · Number of shares owned at the end of last year · Price per share at the end of last year and today · All transactions (purchases, sales, dividends, reinvestments, and so on) for the current year Advantages Disadvantages · Because your data is incomplete, · The information you need to gather Quicken cannot give you an accurate goes back only to the end of last year value for total unrealized gain (since and is probably easy for you to find. unrealized gain depends on the cost · Data for the year is complete, so you basis for the security). can use the investment income report · If you sell the security, the capital to prepare Schedule B tax gains report does not show an information. And because · Quicken produces accurate reports on the cost basis dates back only to the performance, income, and changes in beginning of the year, the realized unrealized gain for time periods gain is not accurate. · When you sell a security, you can specify which lots to sell to minimize or maximize your short-term capital gains. Chapter 14, Tracking investments 212 Setup option Option 3: Set up fast. · Name and type of security · Number of shares you currently own · Current price per share Advantages · You can get started with a minimum amount of information to gather. · You can start using the account right away to see whether you think it's worthwhile to gather and enter more information. · Quicken produces accurate reports on performance, income, and changes in unrealized gain for time periods starting now. Disadvantages · Data for this year is incomplete, so you can't use the investment income report to prepare Schedule B tax information. · You may have to wait a few months before Quicken can display a valid investment performance report. [. . . ] Click Replace when the system asks you if you want to replace newer versions of the preferences files. Then restart Quicken. Appendix B, Troubleshooting and contacting Intuit 401 Do this Explore the problem a bit before you call. Here's how When you call with a problem, the support specialist leads you through steps to identify and solve the problem. Make sure you are using the appropriate window or dialog and are choosing the correct options for what you want to do. For example, if a report does not include the information you want, check the date range and the other settings in the Customize Report window. [. . . ]