How can I add multiple categories to a IRA RMD transfer transaction

John Nastasi

I do an MRD transfer monthly into my checking account. The transfer uses the category field to link to the IRA. Is there a way to add a second category to the category field for reporting purposes?

mshiggins

Please see the FAQ post on this topic:

https://community.quicken.com/discussion/7072150/faq-best-way-to-handle-distributions-from-ira-also-rmd

Chris_QPW

Right click on the account in the Account bar and then Edit/Delete account -> Tax Schedule.  You can pick the tax line item needed for the reporting for the transfers out.

Note it is the tax line that you need for reporting on the tax reports/tax planner, not a category.

mshiggins

Please see the FAQ post on this topic:

https://community.quicken.com/discussion/7072150/faq-best-way-to-handle-distributions-from-ira-also-rmd

Ps56k2

[EDIT] - updated topic title to better reflect actual Q&A

and yeah... the IRA and RMD withdrawal question does come up, and has a couple of good existing threads to follow...