Required Minimum Distribution

marklandes

Quicken should permit the payment from a retirment account to a non-retirment account where the payment to the account holder shows up as Taxable Retirment Income and permitting withholding for federal and state income tax. The payroll modular could be adopted to do this. Now the distribution from the retirment account must be "NOT CATAGORIZED" and the income in the non retirment account must be recognized as gross taxable income and withholding deducted from it.

Rocket J Squirrel

This feature exists. Please see this FAQ.

amc01

I agree that Quicken for Mac should set up a special IRA RMD form. It should allow for the gross to show as taxable income. The payment of taxes should be allowed as some financial institutions pay the taxes directly to the taxing authorities. The net should show as transferable to a checking/savings/brokerage account or where ever else it may go

Quicken Anja

Hello @amc01,

Thank you for visiting the Community.

Please be aware that you posted your comment under a Quicken for Windows Idea post.

Instead, what you can do is create an idea post under Quicken for Mac. This way other Mac users who have the same or a similar request can vote on your idea.

Our Development and Product teams frequently use our idea posts in order to improve Quicken and implement new features requested by customers. 

I hope this helps!