When I transfer an amount from an IRA Account to a non-IRA Ican’t add a TAG to 1099-R.
I have tried to add a TAG by entering [My IRA]/Tag 1099-R
I’m using Quicken 2016 Premier on a Windows 10 PC.
The method to add a tag to a transfer is [account name]/tagname.
I am curious, though, why you are trying to use a tag for a tax line item. Tax line items can be automatically associated with a category or a transfer without the use of a tag.
The method to add a tag to a transfer is [account name]/tagname. I am curious, though, why you are trying to use a tag for a tax line item. Tax line items can be automatically associated with a category or a transfer without the use of a tag.
I am assuming that your objective here is to get QWin to properly report your distribution in the tax reports.See this link for details of the setup and transaction enty;https://getsatisfaction.com/quickencommunity/topics/faq-best-way-to-handle-distributions-from-iraUse of Tags is not required to achieve the tax reporting objective.Post back if I have misinterpreted your query or if you have additional questions.
If you read through the discussion via the link JM posted, you'll likely find the cause for your issue to be you are transferring the distribution from your IRA to brokerage account. In order for the tax schedule report to pick it up, the transfer needs to be from your IRA to a banking account.
Actually, re-reading the referenced post, I see you can work around the transfer from IRA to brokerage by using the right transaction type:
It is important to use the Deposit transaction when transferring to a taxable brokerage acct. QWin does not pick up the taxable event [the distribution] if one uses a 'Cash transferred out' transaction for some reason [bug?].
By default tax deferred accounts are not included in the Tax Schedule report. Try going to Customize and selecting the IRA account. That works for me QW Premier 2017. When transferring out of an IRA, it appears on the report in a section titled 1099-R Note, however that if you include these accounts in the report, their dividends and capital gains will be included also, which you probably don't want. I guess you can't have it both ways.
