(This is kind of a "newbie" question)
The surplus funds in my account at Fidelity are invested in Fidelity Muni Mm
Trust, a mutual fund that pays tax-exempt dividends (oops,
OtherIncome:Tax-ExemptDividends, since tax-exempt dividends are impossible).
Actually, whether they are taxable or not, I've got the same problem.
Fidelity's online system seems to consider that I own "shares" in the
Fidelity Muni Mm Trust, and I do, except that I thought it would be more
convenient to treat these as Cash Transactions, just like I do in my other
investment account. That is, rather than treating them like Investments
with Dividends, I just have a monthly "InvestmentIncome:Dividends"
transaction to add my earnings for the month.
How do people represent the funds they have in cash mutual funds? As cash,
or mutual funds? If you treat them as Cash, does this mean that you always
have to "correct" downloaded transactions so that they are Cash transactions
instead of Investment transactions?
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