Distributions

[sandie]

I see Account Fee listed with a description indicating a (-) negative entry is to be used. I agree with that. I would think that Foreign Tax would also need that negative description reminder.

After doing a negative Account Fee in the cash account the Data Register lists the Type as an "Account Fee Reinvestment?" I think the word reinvestment would only be used with positive cash entries. I also tried a negative Foreign Tax in the cash account (I know that makes little sense) but I was just testing. That showed "Foreign Tax Reinvestment?"

As a side note, I find this forum very helpful. Thanks.

[Mark]

Hi sandie,

Thanks for the feedback. Yes, that would make sense to include the negative reminder for "Foreign Tax", just like with "Account Fee".

The term "Reinvestment" can apply to either a positive or a negative distribution. The normal positive distribution just means you bought more shares with the proceeds. For a negative distribution it means you redeemed shares to pay the negative distribution.