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ESPP Dividends - How to Enter?

I have an Employee Stock Purchase Plan (ESPP) account that accrues dividends four time per year.  When I enter the dividends transaction in my brokerage account, I can only chose the base stock (IBM), not the ESPP one (IBM ESPP).  This screws up the reports on investment performance, since it shows income from the IBM stock, not the IBM ESPP stock.  I do not re-invest the dividends. How can I show the dividends were generated by the my ESPP stock?
    > I have an Employee Stock Purchase Plan (ESPP) account
    > that accrues dividends four time per year.  When I
    > enter the dividends transaction in my brokerage
    > account, I can only chose the base stock (IBM), not
    > the ESPP one (IBM ESPP).  This screws up the reports
    > on investment performance, since it shows income from
    > the IBM stock, not the IBM ESPP stock.  I do not
    > re-invest the dividends.
    >
    > How can I show the dividends were generated by the my
    > ESPP stock?

    Hi Dem,

    Are you trying to include the dividends in the performance of IBM ESPP security or exclude the dividends from the performance of your IBM (non ESPP) security?

    If you are trying to include the dividends in the performance of your IBM ESPP security, I think you will need to make those calculations in a spreadsheet. It is my understanding that shares purchased from dividends paid by an ESPP stock are not considered ESPP shares.

    I am assuming since the tax impact of buying/selling ESPP stock is different than buying/selling the underlying stock, Quicken correctly prevents you from catergorizing the dividends as ESPP. If you are trying to exclude the dividends from the performance of the underlying IBM stock you own, you could create another security, i.e., IBM ESPP Dividend, and use that security to track the dividends. Be aware that you will have to trick Quicken into letting you create the new security with the same symbol.

    Here are the steps:
    1) CTRL Y to open the security list
    2) In the menu at the top of the security list, click New
    3) Leave the symbol <b>blank</b>
    4) Enter the name for your security, i.e., IBM ESPP Div
    5) Click Next
    6) Select the Add Manually radio button
    7) Choose Security Type Stock
    8) Click Next
    9) Select the desired asset class
    10) Click OK
    11) Quicken adds the security to your Security List
    12) Right click on the new security and select Edit
    13) Enter the symbol
    14) Check Download Asset Class
    15) Click OK
    16) Click the Default button

    Regards,
    Mary
      I am trying to include the dividends from my IBM ESPP secrity in the performance reports for my IBM ESPP shares.  I understand that shares bought with ESPP dividends are regular shares, but since I do not reinvest the dividends that is not an issue.I did figure out a way to make it work.  I creat income (dividend) transaction and chose IBM from the scroll list.  I save the transaction.  Then I edit the security field by hand and change it to IBM ESPP.  Now all of my reports are correct.

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