how to handle SEC charge in a sell.


J

Jeffrey Harris

Last week I sold a security I had. When Quicken downloaded the transaction,
the amount was for 6 cents more than I expected. When I called Ameritrade
to ask about this they said it was an SEC charge. How should this be
handled in Quicken. For now I have just added it to the commission. Is
that the best way?

Thanks,
Jeff
 
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H

Henry Helvie

Jeffrey Harris said:
Last week I sold a security I had. When Quicken downloaded the transaction,
the amount was for 6 cents more than I expected. When I called Ameritrade
to ask about this they said it was an SEC charge. How should this be
handled in Quicken. For now I have just added it to the commission. Is
that the best way?

Thanks,
Jeff
Jeff,
Idon't know if it is the best way but I have been doing it this way for
years. Taxwise, it is simply a cost of buying or selling the stock as is
the commission. If you want a report of just commission costs it will
mess that up but not by a lot.
HankH
 
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T

The Michael

Last week I sold a security I had. When Quicken downloaded the transaction,
the amount was for 6 cents more than I expected. When I called Ameritrade
to ask about this they said it was an SEC charge. How should this be
handled in Quicken. For now I have just added it to the commission. Is
that the best way?

Thanks,
Jeff
That's how Quicken has been doing it for me automatically when I accept the matching
transaction. It updates the commission field; I assume it is sent that way by my
brokers.
 

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