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

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

Thanks Mark 

Best Answers

Answers

  • mshiggins
    mshiggins SuperUser ✭✭✭✭✭
    When you created the accounts, did you select Roth IRA?
    Quicken user since Q1999. Currently using QW2017.
    Questions? Check out the  Quicken Windows FAQ list
  • Mark Man
    Mark Man Member ✭✭
    I couldn't find the Roth option!
  • NotACPA
    NotACPA SuperUser, Windows Beta Beta
    @Mark Man What Q product are you running? And, what Build/Release of Q?  You can find this info by doing HELP, About Quicken.
    Q user since DOS version 5
    Now running Quicken Windows Subscription,  Home & Business
    Retired "Certified Information Systems Auditor" & Bank Audit VP
  • Mark Man
    Mark Man Member ✭✭
    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
    Mark Man Member ✭✭
    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
    NotACPA SuperUser, Windows Beta Beta
    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.
    Q user since DOS version 5
    Now running Quicken Windows Subscription,  Home & Business
    Retired "Certified Information Systems Auditor" & Bank Audit VP
  • Mark Man
    Mark Man Member ✭✭
    Ok try again brand new just download 2019 version of Quicken. 

    Mark
  • Mark Man
    Mark Man Member ✭✭
    And if that does help it is the lastest version that is offered. 

    mark 
  • NotACPA
    NotACPA SuperUser, Windows Beta Beta
    Still waiting for explicit answers to questions asked.  I even told you how to find the info.
    Q user since DOS version 5
    Now running Quicken Windows Subscription,  Home & Business
    Retired "Certified Information Systems Auditor" & Bank Audit VP
  • Mark Man
    Mark Man Member ✭✭
    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
    mshiggins SuperUser ✭✭✭✭✭
    If you keep rejecting answers, I'm not sure how much help you will get. 
    Quicken user since Q1999. Currently using QW2017.
    Questions? Check out the  Quicken Windows FAQ list
  • Dr. Bob
    Dr. Bob Member ✭✭
    NotACPA said:
    Still waiting for explicit answers to questions asked.  I even told you how to find the info.
    You're sounding a bit supercilious NotACPA. Be a little more specific with how to find the information you're looking for in case the person doesn't understand. For example: Click Help/About Quicken. #JustSayin 
    Bob R. (CDP, 1963) (Computer Doctor, DOS, WINDOWS)
  • NotACPA
    NotACPA SuperUser, Windows Beta Beta
    How to get to the info was in my very first reply.
    Q user since DOS version 5
    Now running Quicken Windows Subscription,  Home & Business
    Retired "Certified Information Systems Auditor" & Bank Audit VP
  • Dr. Bob
    Dr. Bob Member ✭✭
    Mark Man said:
    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. 
    Check out this link: a lot of fluff but the answer by QPW near the bottom looks right.
    https://community.quicken.com/discussion/7807545/roth-ira-account-type
    Bob R. (CDP, 1963) (Computer Doctor, DOS, WINDOWS)
  • Dr. Bob
    Dr. Bob Member ✭✭
    NotACPA said:
    How to get to the info was in my very first reply.
    My bad!
    Bob R. (CDP, 1963) (Computer Doctor, DOS, WINDOWS)
  • Mark Man
    Mark Man Member ✭✭
    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
  • Mark Man
    Mark Man Member ✭✭
    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.
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