I am confused about how to post broker money market income.
The long standing habit of our treasurers was to consider
broker money market income as "interest." However, the
Bivio account-sync transaction from BuyandHold automatically
posts the transaction as "dividend." Should we leave the
account-sync as is? The money market does have a ticker:
ADLXX.

Marsha Guckenheimer wrote:
> I am confused about how to post broker money market income.
> The long standing habit of our treasurers was to consider
> broker money market income as "interest." However, the
> Bivio account-sync transaction from BuyandHold automatically
> posts the transaction as "dividend." Should we leave the
> account-sync as is? The money market does have a ticker:
> ADLXX.

Hi Marsha

I have gotten a lot of help on this site. My first time to
help out.
Most brokerages provide income thru money market accounts
and this is usually treated as a non-qualified dividend. A
dividend income will usually have a better tax treatment
than interest income.
I would stay with the dividend classification.
Roy Williams