529A Accounts

Duane Martin

Quicken does not handle 529A accounts correctly, in that when a Grandchild receives the money to pay her college tuition, Quicken removes the shares but does not show the removal of the dollar amount correctly. Instead, Quicken shows the dollar amount as a negative dollar amount instead of the dollar amount reduction (net $0).

Jim_Harman

You should record a Sell (not Remove) of the shares with the proceeds going to the account's cash balance, and then Withdraw the proceeds.