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Convert Account from tax Deferred to ROTH

I have an account set up as a tax deferred account but it should be a ROTH IRA account.  Is there any way to change the type of account without recreating the entire account

Comments

  • Quicken_NatalieQuicken_Natalie Moderator mod
    Hello @neil154,

    Thank you for taking the time to visit the Community and post your inquiry, although I apologize that you have not yet received a response.

    If you are still needing assistance, please take a moment to review the information available here and post back to let us know what version and release of Quicken you're using.

    The more information you can provide regarding this issue will help the Community to better understand and assist.

    Thank you,

    Quicken Natalie

     
  • Tom YoungTom Young SuperUser ✭✭✭✭✭
    You should be able to edit the Account and under the General tab click the button next to "No" on the line "Tax deferred."
  • mshigginsmshiggins SuperUser ✭✭✭✭✭
    While editing the account details to unset the tax deferred status will change the account to not be a tax deferred account, it will not make the account a Roth account.

    If you are wanting to have the account treated as a Roth in the Lifetime Planner, you'll have to create a new account to get the proper Roth settings and tax treatment for distributions. 

    Quicken user since Q1999. Currently using QW2017.
    Questions? Check out the  Quicken Windows FAQ list
  • jfclaguejfclague Member ✭✭✭✭
This discussion has been closed.