How to record IRA distributions in Quicken Mac Deluxe?

Fischer

When I request a distribution from my IRA it shows up in Quicken as a Gross reduction to my IRA account as well as a Gross offset in Uncategorized and the Net amount shows in my Checking account. I recategorize this transaction in the deposit line in my checking account so that the Gross goes to IRA Taxable Income and the offsets to Federal Tax and State Tax accounts. How do I get the Gross amount out of the Uncategorized category? The way it is now my expenses look overstated by all of these Uncategorized amounts.

J_Mike

See this thread = it was written for earlier QMac but still applies.

https://community.quicken.com/discussion/7326459/transaction-steps-for-rmd-from-an-ira-using-quicken-mac-2016

Fischer

Hi Mike. Thanks for the tips. I get most of it but I’m still not sure how to get the amounts out of Uncategorized.