On 2016.12.08 08:58, aga wrote:
On 08/12/16 01:00, Mark Jones wrote:
> [Reposting from KDE forum since this is a question for the devs]
>
> Hi,
>
> I have just finished importing several years of Quicken data into
kmymoney.
> My thanks to the developers for this impressive Quicken Killer.
Great job!
>
> As reported in bug #343256, I noticed that investment transactions
of type
> "ReinvInt" in the QIF file were ignored and I had to import them
separately
> from a CSV file. The investment income type (Dividend vs
Interest) is
> treated differently for tax purposes where I live so I need to
track
this
> in the transaction. I downloaded the kmymoney source code and have
> implemented the fix to support "ReinvInt" but I have a couple of
questions
> about the "Reinvest Dividend" activity.
>
> The "Reinvest Dividend" activity has a category selection drop
down
labeled
> "Interest" and I find the terminology in this dialog confusing.
To my
> understanding, a security generates income of various types. The
income
> type is important because it often has a tax impact for the
investor. As
> dividends and interest are two different income types, this
dialogue
would
> make more sense to me if the activity was labeled "Reinvest
income"
and the
> category drop down was labeled "Income Type" rather than
"Interest".
Am I
> missing something? What was the intent of the "Interest" category?
>
> Thanks in advance
> Mark
>
Hi Mark
I'm not sure if wires are a bit crossed here?
https://bugs.kde.org/show_bug.cgi?id=343256 is, as in its Subject,
specific to the KF5 version, and also specific to CSV importing
rather
than QIF.
That aside, it does appear that "ReinvInt" is not, and possibly
never
has been, supported. If you wish, you could submit your patch to
our
reviewboard from where it may be possible to incorporate them. It
is
most likely that this would be in the KF5 version, which has not yet
been released. I'm assuming that your requirement is for the
income to
purchase further stock?
I suspect that the use of 'income' here is a generic term, used to
signify that money has been earned. The 'income' field may be
completed
with, say, _IntInc, or any other suitable category type.
Allan
To expand on Allan's answer, I have created separate income
categories
to use for investment transactions including (but not limited to)
interest
dividends
short term capital gains
long term capital gains
all four of those duplicated for tax deferred versions
some of those duplicated for reinvestment transactions (more for my
own
tracking than for tax differences).
Also note that the label on a dropdown (such as "Interest") does not
necessarily imply any particular restrictions on what you can choose.
If the dropdown shows categories, you can generally select any
category. In theory, you could also select an expense category,
although it wouldn't make much sense in this case.
Much of the terminology in KMyMoney (especially on the investment
screens) is perhaps somewhat simplistic, and sometimes confusing.
However, all developer efforts are currently aimed at completing the
porting to KDE Frameworks. I suspect one of the releases following
that
might include terminology changes.
In my personal case, as has been discussed here (ad nauseum perhaps)
for
a reinvestment my broker sends a dividend transaction and a separate
income transaction, so I always have to convert the dividend to a
reinvest-dividend, and then also delete the other transaction from
the
brokerage account. So yes, there are lots of issues surrounding
dividend reinvestment transactions.
Jack
