This is a longstanding bug that has been reported numerous times over the years, acknowledged as such by Quicken yet never fixed. For whatever reason, transfers from IRAs are only picked up in the tax planner if they are funneled through a spending account.
The workaround is to split the transfer, so it is routed through a checking account and immediately to the investment account. I use a scheduled income reminder originating in my checking account that is a category split of an incoming amount from the IRA and the same amount as a negative number going to the investment account for a net zero transaction.
Frustrating that this can't be fixed. Crazy thing is last time I checked, a scheduled reminder showing a transfer from an IRA to an investment account shows up in tax planner until it is entered as a real transaction. This also impacts a Roth Conversion transafer in the same way. If Quicken ever does get around to fixing it they should also make sure it works for a traditional IRA to Roth Ira transfer.
this is an issue with (QWin) Transfers… You can’t have both the Transfer AND also a Category so it gets picked up for the Tax Planner or any other Reports. I have setup a couple of manual Reminders with specific Category entries to account for certain Expenses —> Income which normally would be entered as a Transfer. And lastly, you need to make sure you use or create a Category that references a correct Tax Line Item to get properly reported.
For whatever reason, transfers from IRAs are only picked up in the tax planner if they are funneled through a spending account.
I beg to differ. My distributions go directly from my inherited IRA to my brokerage account at the same firm and they are properly recorded as taxable distributions.
Two key items:
For more info, see the IRA distribution FAQ.
