Question
Does GainsKeeper process dividend reinvestments?
Answer
GainsKeeper processes corporate actions that affect cost basis or gain/loss for your Schedule D. We do not process cash distributions, such as interest income, cash dividends or capital gain distributions. Brokerage and mutual fund firms have an obligation to supply this information to you. If you do reinvest your dividends, they will be reported as dividend reinvestments (divre) by your fund company and correctly identified by GainsKeeper when you import transactions into the system. If you record transactions manually, please use the DivRe action type within the Record Stock or Record Mutual Fund menus.