Cannot Copy and Paste a WriteChk transaction.

Ron n Round Rock
Ron n Round Rock Quicken Windows Subscription Member ✭✭✭
edited December 2018 in Investing (Windows)

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  • UKR
    UKR Quicken Windows Subscription SuperUser ✭✭✭✭✭
    edited December 2018
  • Jim_Harman
    Jim_Harman Quicken Windows Subscription SuperUser ✭✭✭✭✭
    edited December 2018
    QWin Premier subscription
  • q_lurker
    q_lurker Quicken Windows Subscription SuperUser ✭✭✭✭✭
    edited December 2018
    Can you enter a write check straight out in the IRA? I doubt it but cannot chech it out right now. Because of taxation set up, I think only withdrawals are valid; not checks.
  • mshiggins
    mshiggins Quicken Windows 2017 SuperUser ✭✭✭✭✭
    edited December 2018

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  • Jim_Harman
    Jim_Harman Quicken Windows Subscription SuperUser ✭✭✭✭✭
    edited December 2018
    q.lurker said:

    Can you enter a write check straight out in the IRA? I doubt it but cannot chech it out right now. Because of taxation set up, I think only withdrawals are valid; not checks.

    Also note that IRA withdrawals via a WriteChk are not included in the Form 1099-R section of the Tax Schedule report by default, even if the Category for the check has an appropriate tax line item. This is because the IRA account is excluded from the report by default. You can include the account in the tax report, but I bet that will cause other problems.

    It is probably best to confine IRA withdrawals to transfers to a taxable Quicken account.
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  • Ron n Round Rock
    Ron n Round Rock Quicken Windows Subscription Member ✭✭✭
    edited December 2018
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