How record a Roth custodial to custodial transfer, i.e. non-taxable event

gregt50 Member
edited February 2022 in Investing (Windows)
Moving funds from existing Roth acct to a new Crypto Roth acct. Not sure how to record in Quicken (WIN subscription). It is done custodial to custodial by their terms but how would i show that in my Quicken acct as it seems to want to treat this as a new contribution which i'm now allowed to do


  • jacobs
    jacobs SuperUser, Mac Beta Beta
    Since both investments are in Roth accounts, you don't really care about capital gains or the basis date. Crete a new Roth account for the crypto fund, and then you could just do a Remove Shares from the original Roth account and an Add Shares in the new crypto Roth account. Or you could enter a Sell in the original Roth account, a transfer to move cash to the new crypto Roth account, and a Buy in the new account. 
    Quicken Mac Subscription • Quicken user since 1993
  • NotACPA
    NotACPA SuperUser ✭✭✭✭✭
    OR you could simply disconnect the current account from download, change the bank/FI name and re-connect for download ... since it's ll the same account to you.

    Q user since February, 1990. DOS Version 4
    Now running Quicken Windows Subscription, Business & Personal
    Retired "Certified Information Systems Auditor" & Bank Audit VP

  • gregt50
    gregt50 Member
    Appreciate your thoughts. Note keeping some funds in exiting Roth acct. I'm moving some of those funds to another company's new ROTH self directed acct. Both will be active and i want to track them in Quicken. When i retire soon from current full time position to a new part time job, which will be under the contribution earned income threshold, I can start contributing again to both of these.
  • q_lurker
    q_lurker SuperUser ✭✭✭✭✭
    I’d move the shares from old account to new account (bypasses the contribution question), sell the shares in the new account (even though they are actually sold in the old account), and then track the new custodian’s actions somehow. Quicken is apparently not very adept at direct crypto transactions. 
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