Death of Spouse - Assume (Rollover) IRAs

Unknown

Quicken 2016 Premier, Windows 7

My husband died recently and I am assuming his Traditional and Roth IRAs (100% beneficiary on everything). My understanding is that all of the holdings will be transferred to my corresponding IRAs at the same financial institution, and treated for tax purposes as if they had originally been mine all along.

Quicken has downloaded a slew of REMOVED transactions for his accounts and corresponding ADDED transactions for my accounts. Before I accept these transactions I'm seeking advice on whether there is a preferred way of entering this IRA assumption (sometimes called spousal rollover) event into Quicken.

Can I treat this the same as someone rolling a retirement account or IRA into a different IRA (but in the same owner name), or is the change of ownership of an IRA's holdings important to track somehow in Quicken?

Ideally Quicken would maintain our separate IRA accounts until my husband's date of death, then his assets would transfer seamlessly to my account on that date and his account will show zero balance (and can then be hidden in Quicken, but still accessible for historical purposes). I should not have to enter any basis or purchase date information into my account for the transferred assets.

Before I accept any transactions I would like to enter it all manually the best possible way, then just match up the downloaded transactions from the financial institution.

Thanks for any help you can offer.

Jim_Harman

Jim_Harman

Unknown

Unknown

Jim_Harman

Jim_Harman

Also make sure the receiving account is sorted by date by clicking the Date column heading, in case the transactions are there but are someplace else in the list.

Jim_Harman

Also make sure you selected the correct destination account when you entered the Transfer. Maybe you have a similarly named, hidden account that got the transfer by mistake?

Unknown

Jim_Harman

UKR

Unknown