Has Quicken for Windows done anything to improve recording of RMD's

James Petillo
Member ✭✭
Has there been any improvements in how to record RMD's and also recording Qualified Charitable Contributions from IRA's. I'm tired of having to use complicated work arounds.
0
Best Answer
-
No, there has not been any improvement. See this Idea post for more information.
https://community.quicken.com/discussion/7864626/improve-handling-of-ira-distributions-including-qcds-and-roth-conversions
QWin Premier subscription0
Answers
-
No, there has not been any improvement. See this Idea post for more information.
https://community.quicken.com/discussion/7864626/improve-handling-of-ira-distributions-including-qcds-and-roth-conversions
QWin Premier subscription0 -
Thanks Jim. I was afraid that would be the answer0
-
I spent the good part of this morning fussing with QCD and RMD from a Vanguard IRA in order to have information display properly in a tax summary report. The good news was that the transactions downloaded from Vanguard required no modification. For the RMD I only needed to change the IRA account tax type from gross to taxable since I was transferring the RMD into a taxable investment account. For the QCD I needed to create a new expense category with a 1099-R:Total IRA gross distrib. Compared to some of the posts on this topic I did less work but certainly Quicken could be improved to make all this easier.0
-
Thanks for your input. I’ll have to try it. Sure wish Quicken would address this issue.0
This discussion has been closed.
Categories
- All Categories
- 21 Product Ideas
- 28 Announcements
- 207 Alerts, Online Banking & Known Product Issues
- 20 Product Alerts
- 741 Welcome to the Community!
- 617 Before you Buy
- 1.2K Product Ideas
- 50.5K Quicken Classic for Windows
- 15.6K Quicken Classic for Mac
- 991 Quicken Mobile
- 784 Quicken on the Web
- 76 Quicken LifeHub