Money 2005: Fidelity: Capital gains distribution appears as divide

Hello,

When I receive a capital gains distribution on a mututal fund on my fidelity
account Microsoft money shows this in the account register and in the
Portfolio as dividend.
I do not have this problem with Etrade for example.
Also it seems that Dividends from Fidelity sometimes come in later than the
reinvestment-purchase and this causes Moeny to "add shares" which after the
Dividend is registered leads to a "remove" shares so the total number of
shares is equal with the number on the account. However that leads to
confusion in the Portfolio manager which then does not show the cost basis
correctly any more.

What is wrong and how can I corect that? Is the problem perhaps with
Fidelity?

Thank you! - Kitechick

via_newsgroup
Wed Dec 08 11:47:04 CST 2004

In microsoft.public.money, Kitechick wrote:

>
>When I receive a capital gains distribution on a mututal fund on my fidelity
>account Microsoft money shows this in the account register and in the
>Portfolio as dividend.

Those capital gains distributions have been rare the last few years.
:-(

No offense, but are you sure that the distribution is not dividends
or interest? Looking at
http://personal.fidelity.com/products/funds/content/distributions.shtml
I see the data in that chart for most funds has not yet been updated
for the year. However I know we are approaching the time of the year
when CG distributions are typically made.

>I do not have this problem with Etrade for example.
>Also it seems that Dividends from Fidelity sometimes come in later than the
>reinvestment-purchase and this causes Moeny to "add shares" which after the
>Dividend is registered leads to a "remove" shares so the total number of
>shares is equal with the number on the account.

Try to be alert to not have Money update the account to match the
statement. Depending upon when you download, it is not uncommon for
the transactions to become available for download at a different
time than the balances are adjusted. I wish there was a way to make
the default be "No, do not update my account". If you let "Yes,
update my positions ...." ride, I would delete/void the
automatically generated transactions. By voiding, that could be
useful to note the number of shares that you need to account for.

> However that leads to
>confusion in the Portfolio manager which then does not show the cost basis
>correctly any more.
>
>What is wrong and how can I corect that? Is the problem perhaps with
>Fidelity?

You could track this down, but unless you are more motivated than
most, you would be better to just make the fix. The fix is to create
a Reinvest*TermCG or both a *-TermCapGainsDist and a Buy
transaction. You might be able to turn the Interest transaction into
the L-TermCapGainsDist and the automatically generated AddShares
into the Buy without having to enter any numbers.

If you do want to track this down as an item of interest (no pun
intended), let us know.

via_newsgroup
Wed Dec 08 11:51:15 CST 2004

In microsoft.public.money, Cal Learner-- MVP wrote:

>Looking at
>http://personal.fidelity.com/products/funds/content/distributions.shtml
>I see the data in that chart for most funds has not yet been updated
>for the year. However I know we are approaching the time of the year
>when CG distributions are typically made.

http://personal.fidelity.com/planning/tax/yearenddistributions/fidelity_tax/Fidelity.shtml
are the estimates and dates for the various Fidelity funds.

Kitechick
Wed Dec 08 13:03:03 CST 2004

FIGRX distributed LT CG on Dec 3, FSLCX did too. FSLCX also distributed ST
CGs on Dec 3

I am reading this directly from my Fidelity statement. Regardless Money
translated this into "Dividends". The CGs also show in the "tax information"
on Fidelity (very cool tool). So: Clearly: Those are CG s and nothing else.
They appear in Moeny as Dividend. This is incorrect. I would like to know
what the reason for the problem is and follow up there.

It looks like a bug in the information exchange between Fidelity and Money.

ciao - Kitechick

"Cal Learner-- MVP" wrote:

> In microsoft.public.money, Cal Learner-- MVP wrote:
>
> >Looking at
> >http://personal.fidelity.com/products/funds/content/distributions.shtml
> >I see the data in that chart for most funds has not yet been updated
> >for the year. However I know we are approaching the time of the year
> >when CG distributions are typically made.
>
> http://personal.fidelity.com/planning/tax/yearenddistributions/fidelity_tax/Fidelity.shtml
> are the estimates and dates for the various Fidelity funds.
>
>

via_newsgroup
Wed Dec 08 13:46:07 CST 2004

In microsoft.public.money, Kitechick wrote:

>FIGRX distributed LT CG on Dec 3, FSLCX did too. FSLCX also distributed ST
>CGs on Dec 3
>
>I am reading this directly from my Fidelity statement. Regardless Money
>translated this into "Dividends". The CGs also show in the "tax information"
>on Fidelity (very cool tool). So: Clearly: Those are CG s and nothing else.
>They appear in Moeny as Dividend. This is incorrect. I would like to know
>what the reason for the problem is and follow up there.

OK. Here is the way you can find out.

Enable logging of OFX downloads.

For Money 2005 OFX access, it is possible to turn on logging of
incoming OFX files as *RS.txt. The way to turn on that logging is to
create a registry key. That can be made by creating and running a
4-line file called ProvLog5.reg. Then download.


=====begin:ProvLog5.reg===============
REGEDIT4


[HKEY_CURRENT_USER\Software\Microsoft\Money\14.0\Online]
"FLogProviderData"=dword:00000001
=====end:ProvLog5.reg===============

NoLog5.reg works similarly, but turns off the logging.

=====begin:NoLog5.reg===============
REGEDIT4

[HKEY_CURRENT_USER\Software\Microsoft\Money\14.0\Online]
"FLogProviderData"=dword:00000000
=====end:NoLog5.reg===============

In the case of Fidelity downloads, they are OFX 2.x format and of
the form "FidelityInvestments nnnnnnnn RS.txt" where nnnnnnnn
represents a number. A file can easily be viewed by renaming it to
Fid1.xml (or any *.xml name) and viewing the file with IE6.

If you download now, tho, it may not include the past data. So
restore a Money backup file that predates the download where you
first had that "interest" appear. You can restore to a different
filename if you want to preserve your current Money file.

When you view the file, near the bottom will be some security info
for each fund:

...
<MFINFO>
<SECINFO>
<SECID>
<UNIQUEID>nnnnnnnnn</UNIQUEID>
<UNIQUEIDTYPE>CUSIP</UNIQUEIDTYPE>
</SECID>
<SECNAME>FIDELITY CASH RESERVES</SECNAME>
<TICKER>FIGRX</TICKER>
<SECNAME>FIDELITY INTERNATIONAL DISCOVERY</SECNAME> "
...

Note the nnnnnnnnn numbers for the various funds you want to check.
These are the CUSIP numbers. They are the key to what security each
transaction is about.

Look for <INCOMETYPE> types of CGLONG (capital gains-long term),
CGSHORT (capital gains-short term), DIV (dividend), INTEREST, MISC
referenced in the transactions to see how Fidelity reported the data
into the OFX file.


>
>It looks like a bug in the information exchange between Fidelity and Money.

Let us know what you find.

If you restored to a different Money file and want to return to the
original, the MRU list at the bottom of the File menu is the easy
way to switch files.