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

James Petillo
James Petillo Member ✭✭
in Investing (Windows)
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.

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Answers

  • Jim_Harman
    Jim_Harman SuperUser ✭✭✭✭✭
    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 subscription
  • James Petillo
    James Petillo Member ✭✭
    Thanks Jim. I was afraid that would be the answer
  • Snorkle
    Snorkle Member ✭✭
    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.
  • James Petillo
    James Petillo Member ✭✭
    Thanks for your input. I’ll have to try it. Sure wish Quicken would address this issue.

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