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I can't seem to get the tax links correct for my Roth IRAs.

Mark Man

In the tax reports, the distributions show up as taxable. Some help appreciated,

Thanks Mark

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Accepted answers

mshiggins

Do you want help or not?

Rocket J Squirrel

I am able to reproduce this experience. I created a test file and added my Fidelity accounts, one of which is a Roth. I was able to convert it from a Brokerage account to a Traditional IRA, but it did not give me the opportunity to convert it to a Roth IRA.

In order to create a Roth IRA, I had to first set up the account as a manual (offline) account and specify it as a Roth. Then I could subsequently set it up as an online account.

All comments

mshiggins

When you created the accounts, did you select Roth IRA?

Mark Man

I couldn't find the Roth option!

mshiggins

Do you want help or not?

NotACPA

@Mark Man What Q product are you running? And, what Build/Release of Q? You can find this info by doing HELP, About Quicken.

Mark Man

Brand new version 19. Just tried again to look for the Roth option and still can't find it. So yes I do want some help.

mark

Mark Man

When you set up an IRA account it never gives you that option. It goes out and loads in the brokerage data and that is it. Yes I did look in help and didn't find anything.

NotACPA

Mark Man said:

Brand new version 19. Just tried again to look for the Roth option and still can't find it. So yes I do want some help.

mark

That doesn't answer the questions that I asked.

Mark Man

Ok try again brand new just download 2019 version of Quicken.

Mark

Mark Man

And if that does help it is the lastest version that is offered.

mark

NotACPA

Still waiting for explicit answers to questions asked. I even told you how to find the info.

Mark Man

Sorry don’t have a better answer. What would help is if someone could answer that has done this before. It is probably really easy and something in a set up some where.

mark

mshiggins

If you keep rejecting answers, I'm not sure how much help you will get.

unknown

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NotACPA

How to get to the info was in my very first reply.

unknown

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unknown

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Mark Man

Dr. Bob thanks for trying to send me to some one else. I hit no because when you put together an online type account IRA you don’t get that last option. I was trying to access an E*TRADE quicken type IRA etc. I have 4 accounts and when you hit connect it goes out and finds all four. One is an IRA one a ROTH two brokerage. The accounts appear to have zero classification except for taxable. Once the accounts are created there seems to be no way to change their type. I tried changing the in out accounting classication but I couldn’t find a ROTH type.

Is it possible that Quicken missed an interface window into its accounting? It is beginning to look that way to me. Any other help would be greatly appreciated.

thanks so much for your help.

mark

Rocket J Squirrel

In order to create a Roth IRA, I had to first set up the account as a manual (offline) account and specify it as a Roth. Then I could subsequently set it up as an online account.

Mark Man

Rocket thanks I will give it roll tomorrow. I have several Roth accounts about 6 so it will take me a little time but will go forward. Now is there a way to let Quicken know they need to make a change?

Mark

Thanks to Rocket and Dr. Bob.