RMD record keeping

I want to see RMD data (income, Fed tax withholding) in standard Quicken reports. Seems there should be a ".RMD" file on my computer somewhere, but I can't find it. (1) How can I find it? (2) How do I input data in Quicken? (3) Will Fed W/H show up in standard Tax reports?

Comments

  • NotACPA
    NotACPA SuperUser, Windows Beta Beta
    An RMD is recorded as a transfer from your retirement account to a non-retirement account.
    Edit, in the non-retirement account, the amount to reflect only the amount actually received (Net) as the deposit amount and then Split the transaction to show the Gross amount of the transfer as a positive number, and any deductions (such as Taxes withheld) as negative amounts.
    Q user since DOS version 5
    Now running Quicken Windows Subscription, Home & Business
    Retired "Certified Information Systems Auditor" & Bank Audit VP
  • dalec
    dalec Member
    How does it reflect on a report  I see the transaction and have recorded it properly  But how do you get it to show on a report

  • NotACPA
    NotACPA SuperUser, Windows Beta Beta
    @dalec Which report are you interested in?  And, MANY of Q's reports have the ability to show the contents of a split transaction.
    NOTE, however, that this would need to be a banking type report, as the split didn't occur in the retirement account.
    Q user since DOS version 5
    Now running Quicken Windows Subscription, Home & Business
    Retired "Certified Information Systems Auditor" & Bank Audit VP
  • Ps56k2
    Ps56k2 SuperUser ✭✭✭✭✭
    edited January 19
    You would also need to enter the Split with some Categories assigned for each line, ... just like you would expect to see on a Payroll stub - else the splits become lost.
    Quicken Subscription - Windows 10
  • Ps56k2
    Ps56k2 SuperUser ✭✭✭✭✭
    I want to see RMD data (income, Fed tax withholding) in standard Quicken reports. Seems there should be a ".RMD" file on my computer somewhere, but I can't find it. (1) How can I find it? (2) How do I input data in Quicken? (3) Will Fed W/H show up in standard Tax reports?
    BTW - there is only 1 file for Quicken - your Quicken Data File - QDF -
    Everything is stored in that single file.... all data, reports, settings, etc.
    1 - your QDF file should be in your /Documents/Quicken/ folder. 
    There should also be a /BACKUP/ folder that will contain auto backups
    2 - You can enter data into Quicken via downloads and One Step Update.
    Also, you can enter transactions manually....
    You setup Accounts to mimic what you have in the real world.
    3 - When enterring data, you need to make sure that each transaction has an assigned "Category" which will in turn be reflected in any Reports.


    Quicken Subscription - Windows 10
  • Ps56k2
    Ps56k2 SuperUser ✭✭✭✭✭
    There are a few other RMD threads from years past -
    here is one with suggested actions  -

    Quicken Subscription - Windows 10
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