nav[aria-label="Primary Navigation"] { padding: 0; & ul { list-style: none; width: 100%; display: flex; flex-direction: row; justify-content: start; align-items: start; gap: 30px; padding: 0; & li { margin: 0; } & ul li { list-style: none; } } }

RMD Distributions

KTidler

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.
Thanks

Find more posts tagged with

Comments

mshiggins

Please see the FAQ post on this topic:

https://getsatisfaction.com/quickenco...

Clayton200

That thread is basically how mine is set up. I do, however use a Scheduled "Paycheck" transaction to make the transfer from the Brokerage account to the Checking. Works for me and TurboTax doesn't balk on it.