How to enter Required minimum distributions
I have seen some discussion on this but wonder if some has hit on a new and simple way to handle RMDs. I want to record the sale of shares from an IRA and have them recorded as taxable income and the show on the tax planner in Quicken. I have three IRAs involved. I one case the proceeds of the sale stay within the account until the broker transfers them to a taxable account. In the other two, the proceeds of the sale are immediately transferred to a checking account. Does anyone know how to record these so that they are recorded as a taxable event and post against the amounts I have budgeted?
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