Section 19(a) Notice...How to keep track of them

[Paul]

Section 19(a) of the Investment Company Act of 1940 requires investment companies to provide investors notice when any distribution (dividends, for example) is made from sources other than net investment income. These notice come to investors from brokers in the form of a 19(a) Notice.

Does anyone have a clever means of keeping track of 19(a) distributions (typically return of capital distributions in ETFs, closed-end funds, and mutual funds)) in Microsoft Money?

Thank you in advance,

Paul

[Cal Learner]

 Return of Capital transactions can be entered as Return of Capital transactions into your Investment register. In your Investment Transactions register, I suggest the "multi-line" format rather than the single line format. You can toggle that mode with Ctrl+T.

Some transactions I download via PocketSense come in that way.

Distributions sometime get recharacterized, and that might be in the following February. The changes as know are included in your 1099-DIV. This will make Money's original transaction entry to be superseded, so expect there to be some difference in what your Money reports show, and what your 1099 shows. I don't bother trying to go back to the original Money transactions to amend them.

Corrected 1099s can be issued for late-arriving changes.  

So I have nothing clever to offer, unless you were not familiar with Ctrl+T.

[Paul]

Cal,

Thanks for the tip. In all these years I never noticed Return of Capital was in the Activity pull-down.

Do you know if the amount of ROC will reduce the cost basis of the asset in any of the reporting?

[Cal Learner]

Paul: ROC should reduce basis, and I am pretty sure it works.