Ability to include any/all Investment Transaction in Reports and the Spending Plan (edited)

hster

Is there an official feature request for handling "Income Dividend" to upvote on this issue? I would love a workaround that doesn't involve manually changing to Payments which subsequently creates duplicates.

SRC54

If your income dividend is a payment, then it will be in the Spending Plan; if it is a reinvestment, which essentially is a transfer, it will not be included in the Spending Plan. This is the behavior most of us want. Fidelity does Income Dividend as a payment, but other firms might not. It is very dependent on how the brokerage downloads your transactions.

For example, I have 3 mutual bond funds that pay me dividends that I spend each month to supplement my income. These end up in my Spending Plan. Then when one of these buys more shares in the fund, it is excluded.

You can try to teach Simplifi what you want, but it is really hard for Simplifi to tailor to every users needs. Assuming you don't have a lot of these, and it's every month, I suggest you just edit it to meet your situation. I used to have duplicates later, which I deleted, but this seems to be happening less lately.

skgdogs

I concur. I'd like the ability to include Interest and Dividends from Investment Accounts as Income in the Spending Plan. I have six investment accounts at JPM and I would like the interest and dividends from three of these accounts to report as Income on the Spending Plan without manually changing each transaction to Payment/Deposit. I'm retired and this is my only source of income other than SS.

rayhooker

I can't speak for all, but I would imagine the biggest gap here is the inability to generate a tax report that considers the income in a brokerage account. Personally not including activity in the brokerage in the spending plan nor normal reports makes sense. That way only transfers to your regular accounts are included in the spending plan or normal reports. OTOH the tax reports are designed for tax planning so not doing them like Classic Quicken doesn't make sense. Even the workaround to add dummy transactions to include the income in these accounts seems like it could create a mess in the long run as well as subject the user to mistakes. It would be much better to generate the info from the brokerage accounts directly. For now only the Classic Quicken tax report is of any real use for me.

Ray Hooker

nogorman

I am retired, so my investments provide my income. These include interest, dividends, short/long- term capital gains. I would like to see these in a REPORT for income for 2024. Unavailable.

a_user

I just started using Simplifi and most of the reason is to track passive income - mostly dividends. This is a very needed feature. I have more than 100 dividend transactions on the last day of each month that I have to manually and individually edit to be able to track the income. It won't be worth it to continue this subscription if there isn't a better way to handle this.

RobWilk

Before i vote for this: When someone says "investment income" here do they mean change in value of investment amounts, or actual income that might be usable as if it were in a checking account? If it's like it's in a checking account, does that "cash account" specificallly not support spending plan income? Or, is there a transfer from the investment to the 'cash account' that is not mark-able as income for spending plan purposes? I might vote for this, i just want to understand.

SRC54

@a_user @rayhooker You have a good point. If one is going to use the taxes report, these really need to be included. And if you have a 100 per month, changing them one by one is a chore.

I was able once to change mine by a bulk edit by first clicking on Exclude from Spending Plan and/or Report and then clearing it. See if this will work for you. I was told this was not really supposed to work, but it did for me about a month ago when all my Dividends got excluded going back 2-3 years after an update.

danielkeisling

https://community.simplifimoney.com/discussion/comment/50262#Comment_50262

We are referring to dividends, not change in value. For example, I have an investment account that holds shares in a money market fund (SPAXX). On the last day of the month I receive additional funds in my account that corresponds to the interest rate of how much I was holding that month. Some people just let it reinvest back into their funds, but others want to mark this as income (I categorize mine as Personal Income:Dividend Received).

RobWilk

Thanks for clarifying, Adding my vote.