Re: Issue entering two memorized withdrawal transactions in a row in investment accounts

On 05/14/24 6:43 PM, Kobac wrote:
> On 05/14/2024 18:45, Kobac wrote:
>> I have memorized transactions set up to record my monthly IRA 
>> distributions (withdrawals) in my IRA accounts. I have two such 
>> memorized transactions set up for each investment account—one for the 
>> net distribution and one for the withholding tax on the gross 
>> distribution (the sum of the two transaction amounts). The first such 
>> transaction I enter works fine; after I click on Payee (me) in the 
>> "Withdraw" window, select the memorized transaction from the list that 
>> pops up and press ENTER, Quicken fills in the payee, amount and the 
>> memo. If I then click on the button "Enter/New" to enter the second 
>> withdrawal in the same investment account and again select the desired 
>> memorized transaction as in the first instance and press ENTER, 
>> nothing gets filled in in any field. I then have to either (1) enter 
>> the info manually, which defeats the purpose of having memorized 
>> transactions, or (2) cancel out of the window and re-enter the 
>> transaction anew as with the first transaction.
>>
>> I now opt for method #2 as a matter of course, but it bugs me every 
>> time I do it. I now enter the first transaction and then, instead of 
>> clicking on "Enter/New" when I'm finished, I click on "Enter/Done" 
>> instead. I then have to again select "Enter Transactions," enter the 
>> type of transaction, the date and select the desired memorized 
>> transaction, etc.
>>
>> Does anyone else have this issue? It's been happening to me seemingly 
>> forever so it's not some new thing.

> One minor point—when trying to enter transaction #2 after "Enter/New," 
> Quicken *does* fill in the Payee name but no other fields.

I'm not sure I can help but I am sure there is a bug in Quicken's 
processing of (at least some) investment account transactions that are 
impacted by a Memorized Transaction.

In my case, when I modify a downloaded investment account Deposit 
(interest income) transaction to change the downloaded payee name to a 
payee that has a Memorized Transaction, Quicken zeros out the non-zero 
amount of the downloaded deposit. [The Memorized Transaction has a zero 
amount because the amount of the interest is not the same every time].

It took me a long time to track that down - in the end, I had to delete 
the Memorized Transaction.

In your case, I would consider few possible alternatives: using 
Reminders instead of Memorized Transactions, an approach that only 
requires one investment account transaction (using split lines), or 
initiating the distribution from a non-investment account.

[As I recall, in order to get the taxable transaction info into Quicken 
Tax Reports, the tax-related transactions must be recorded in an account 
that is taxable.]