recording a RMD

Beavers

Trying to figure how how to record all sides of a RMD transaction. Since the funds are in one account and involve the sale of an investment product, how do you record the sale and transfer out to another account since neither of those allow you record the transaction against an income category. Sold and Xout only allow memo entries. ??? Any help would be appreciated!

splasher

See this thread on how to properly handle a RMD:

https://community.quicken.com/discussion/7072150/faq-best-way-to-handle-distributions-from-ira-also-rmd

Q97

This thread seems to describe the current best practice

https://community.quicken.com/discussion/7072150/faq-best-way-to-handle-distributions-from-ira-also-rmd

while this one suggests an improvement, for which you can cast your vote

https://community.quicken.com/discussion/7864626/improve-handling-of-ira-distributions-including-qcds-and-roth-conversions

Beavers

Jim Harmon, looks like not much has changed since your 2019 posts. How does this get brought to the attention of Quicken support for a proper response from Corporate??!!

NotACPA

@beavers, @splasher answered your RMD question. So did @Q97