Why do Retirement Accounts Realized Gains show up in Itemized Categories Report

Don32@
Don32@ Member ✭✭
edited December 2023 in Reports (Windows)

Why do Retirement Accounts Realized Gains show up in the Itemized Categories Report

Best Answer

  • NotACPA
    NotACPA Quicken Windows Subscription SuperUser ✭✭✭✭✭
    Answer ✓

    Because you didn't Exclude those accounts from being included on the report and you received those Gains

    Q user since February, 1990. DOS Version 4
    Now running Quicken Windows Subscription, Business & Personal
    Retired "Certified Information Systems Auditor" & Bank Audit VP

Answers

  • NotACPA
    NotACPA Quicken Windows Subscription SuperUser ✭✭✭✭✭
    Answer ✓

    Because you didn't Exclude those accounts from being included on the report and you received those Gains

    Q user since February, 1990. DOS Version 4
    Now running Quicken Windows Subscription, Business & Personal
    Retired "Certified Information Systems Auditor" & Bank Audit VP

  • Tom Young
    Tom Young Quicken Windows Subscription SuperUser ✭✭✭✭✭

    IF you sell a security at a profit THEN the correct accounting for that profit IS "realized gain." What else could it be?

    Even though you don't recognize realized gains (or losses) in retirement accounts, that doesn't change the fact that it IS a realized profit or loss.

  • Don32@
    Don32@ Member ✭✭

    I was just trying to figure out how to keep it from showing as income in my categorized income/expense account

  • Jim_Harman
    Jim_Harman Quicken Windows Subscription SuperUser ✭✭✭✭✭

    If you want to exclude a Category from a report, click on the gear at the top right to customize the report, then on the Categories tab, un-check that Category.

    The Category for Realized Gain is _RlzdGain and by default it is hidden, so you may have to check the Show hidden box to see it. Hidden Categories are shown in (parentheses) in the list.

    If you want to exclude all the transactions from retirement accounts, un-check those accounts on the Accounts tab.

    QWin Premier subscription
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