I would like to make a suggestion regarding return of capital distributions. Right now I have a problem in that although dividends are paid and reported in my account at the time they occur, return of capital information is not supplied until I receive my tax information the next year. At that time, I then have to go back and basically change all of the entries since the distribution amounts are changed (smaller dividend, plus another return of capital entry). This is even more troublesome if the dividend was reinvested because I then have to take the added step of calculating how many shares were purchased by each piece of the distribution.
It would be nice if there were some way to adjust the value of an overall distribution, without having to completely remove it and then reenter it as two new distributions (dividend+roc). One way this could possibly be accomplished is to include a return of capital box in the distribution entry window. This could be sort of like the extra box allowed for commissions, though obviously it would be treated differently (as return of capital, which would be subtracted from the remaining distribution which would still be treated as a dividend).
As an example, if a dividend of $50 was paid in January, but $5 was return of capital, then the dividend net amount would be $45, while RoC would be $5.
Another option would be simply some easy way to edit distribution data without losing the whole thing. Like maybe allowing a right click option to modify/specify distribution traits. In this case in a $50 distribution, you could right click it and then specify $45 being dividend, and $5 being RoC, which would then split the distribution into two entries but maintain any reinvested shares split proportionally between the two entries.
It doesn't seem like something along these lines would be that difficult to implement, but I understand this probably would not be a high priority since I suppose the number of people dealing with RoC is probably a minority.
Anyway, I am just throwing this out there. It would really save me a lot of time, and I am sure a few others would benefit as well. As it is, I often just resort to adding RoC distributions on top of the original dividend amount, which results in it being reflected properly in the cost basis (which is the most important thing), but also inflates the distribution amount (and OOP current gain, etc).
Thanks for your time to consider this request.