Transaction Wrongly Interpreted as IRA Contribution

Jimbert
Jimbert Quicken Windows Subscription Member
edited February 2024 in Investing (Windows)

When I enter a deposit into my checking account as a split transaction coming from an annuity IRA account, Quicken says I made a CONTRIBUTION into my IRA account before the April 15 deadline. Then it asks me to identify the tax year of the contribution as 2023 or 2024. So I select 2024 to make it happy, even though this is not a contribution. Then, when I go to the annuity IRA account, it asks for a valid date and doesn't accept the actual date of the transfer, which it should have gotten from the checking account deposit entry. The annuity account is set up as a traditional IRA, tax deferred, and not a single mutual fund account (since it is not a mutual fund account). Am I doing something wrong or is this a bug?

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Answers

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

    What Version (Help > About Quicken) are you using. Another poster has also made the same claim and it might be "version" related.

  • Jimbert
    Jimbert Quicken Windows Subscription Member

    It's up to date with the latest version: R53.32, build 27.1.53.32 running on up to date Windows 10 Pro, version 22H2, OS build 19045.3930.

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

    I am seeing something similar, but not all the time.

    I think the message is spurious and you can just select 2024 and OK with no ill effect.

    QWin Premier subscription
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