RMD Distributions

KTidler Member ✭✭
edited November 2018 in Investing (Windows)
Quicken for Windows 2018- Can RMDs be done in less than 3 transactions?

So I transfer from the investment account to the checking
account – that gets the money correct in the investment account.  I still
need to credit RMD income, take out fed taxes and state taxes that have been
withheld for actual usable cash.  1) from investment to checking -full withdrawal amount  
Then in checking account  2) withdrawal amount credited to RMD income – fed withholding – state
withholding that gives net which was actually deposited.  Then also in checking account  3) a correction entry for the original transaction to correct the balance. 

I need balances to be correct with transactions posted to RMD income, Fed taxes, State taxes. 


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