401K and 457 contributions
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markwyork
Quicken Windows Subscription Member ✭✭
My wife has had a 401K with an employer match, now the employer is offering a 457 with a match. They no longer match the 401K but my wife contributes to both. Quicken seeems to only allow one. Any soultions to have Quicken handle both correctly.
0
Answers
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Set the Tax Attributes of both accounts to show Transfers In as reducing her Salary.This is done by Editing the Accounts via the TOOLS, Account List dialog and clicking the respecting "Tax Schedule" button at the bottom of the Account Details dialog.For the Match, you'll need to create a non-taxable income item in the Paycheck in the amount of the match to offset that deduction.
Q user since February, 1990. DOS Version 4
Now running Quicken Windows Subscription, Business & Personal
Retired "Certified Information Systems Auditor" & Bank Audit VP0 -
Thanks0
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