How do I include categories I created in the Tax Summary Report

Dick Mauro

Not knowing any better I created three categories to accommodate my "Pension", "Social Security", and "RMD" as income categories that are not sub categories of "Tax"..Now I want the to show up in the Tax Summary Report.  How do I make that happen?

GeoffG

The three income categories you created are correct, but it sounds like you did not complete the appropriate tax item classification needed. Go to each of the categories and select Edit under the Action column. Then select the Tax Reporting tab. Check Tax related category and Standard line item. The final step is to select the various 1099-R and social security line items.

q_lurker

The basic answer is that in order to show up on a tax summary report, the category has to have a tax line assigned to it.  See the Category List and edit categories accordingly.  

Now for transfers out of IRA accounts, you need to edit the account details, and set the Tax Schedule information correctly.  Typically transfers out are set as 1099-R: Total IRA Gross Distribution.  

GeoffG

The three income categories you created are correct, but it sounds like you did not complete the appropriate tax item classification needed. Go to each of the categories and select Edit under the Action column. Then select the Tax Reporting tab. Check Tax related category and Standard line item. The final step is to select the various 1099-R and social security line items.

q_lurker

The basic answer is that in order to show up on a tax summary report, the category has to have a tax line assigned to it.  See the Category List and edit categories accordingly.  

Now for transfers out of IRA accounts, you need to edit the account details, and set the Tax Schedule information correctly.  Typically transfers out are set as 1099-R: Total IRA Gross Distribution.