How do I enter a sell and transfer transaction in a 529 account?

Unknown
Unknown Member
edited May 2022 in Investing (Mac)
I have a 529 account in Quicken Mac 2018. I sold some shares to cover tuition costs. How do I show that? The account shows a sell (which is fine), but now I need to transfer the money to my checking account. 

Comments

  • Unknown
    Unknown Member
    edited December 2017
    Additional info. The 529 account is now showing a cash balance, and quicken has magically made new money.

    For example:

    Lets say that prior to the transaction,

    529 balance = 50,000
    Checking balance = 1,000

    Transfer amount = 10,000

    Should end up with:

    529 balance = 40,000
    Checking balance = 11,000

    What I have is

    529 balance = 50,000
          520 portfolio shows
               shares = 40,000
               cash balance = 10,000
    checking balance = 11,000

    So quicken magically created and extra 10K for me. Wish it worked like that in the real world...

    any advice?

    I'm using quicken premier for mac 2018, build 5.3.2. Mac OS 10.13.1
  • Unknown
    Unknown Member
    edited December 2017
    @Rick, thanks for the info. I will grab the screenshots and post.

    I'm not able to enter the payment/deposit entry. When I enter it, it gets changed to a sale or a buy transaction.
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