IRA account showing realized gains/losses in transaction report

doglesby17

I'm not understanding why a traditional IRA account is showing realized gains and losses in the transaction report. These are not taxable events. Only withdrawals are taxable and those withdrawals are only ordinary income. Is Quicken working on this?

jacobs

If you are truly looking at a Transaction Report, then it properly should be showing all transactions that take place in the account. If you are looking at the Tax Schedule Report, that's a different matter.

Barbara O'Keeffe

Much of what Quicken does in terms of tax deferred accounts is puzzling to me.

jacobs

If you are truly looking at a Transaction Report, then it properly should be showing all transactions that take place in the account. If you are looking at the Tax Schedule Report, that's a different matter.

doglesby17

> @jacobs said:
> If you are truly looking at a Transaction Report, then it properly should be showing all transactions that take place in the account. If you are looking at the Tax Schedule Report, that's a different matter.

Thanks for the reply. I was looking at the transaction report. I checked the tax report and RGL is excluded.

mike132

Still wondering why there is a realized for IRA accounts. It shows up in the "Category Summary Year to Date" report. There are no gains/losses in an IRA account.

mike132

realized = realized gain/loss (spell checker!)

jacobs

Well, it is a realized gain. It's just not taxable. So it shows up in a category report, but not in a tax report.