Tracking annuitized (income stream) IRA account

unknown

In Quicken 2017 Home & Business (Version R15.13) I have been unable to set up a valid monthly transaction to transfer (over a period of time) funds from a fixed annuity (tracked several years) into my checking account. I can set up a Transfer reminder to handle either the gross amount (valid for deduction from my asset account) or for the net amount (valid for the income in my checking account). However, Quicken gives me no SPLIT capability to account for the amount of FITW being deducted every month in the transaction. Am I guilty of a bonehead mistake, or is Quicken really missing this basic functional ability?

splasher

This FAQ, https://getsatisfaction.com/quickencommunity/topics/faq-best-way-to-handle-distributions-from-ira, is about doing RMDs, but the concept is the same for you.

You need to do the transfer reminder from the non-IRA side of the transfer.

Hopefully, it will help you.