The tax schedule or tax summary report is not showing all transfers from IRA.

Question

I've made 2 transfers from an IRA account one to a bank account and one to an investment account that is taxable.  Quicken is only picking up the transfer that goes to the bank account.  Both transactions should be shown as taxable income.  Any ideas on this?

Jim_Harman · Accepted Answer

IRA transfers will only be recorded as taxable if you enter the transfer in the taxable account.

Bob_L · Accepted Answer

What Jim is saying is that you need to enter the transaction in the brokerage account as a deposit,  not by entering it in the IRA.

DayFisher · Accepted Answer

Thank you, that did work.  Strange thing is the transfer does work if it goes to a back account instead of a brokerage.