RMD with stock transfer

cole2408
cole2408 Quicken Windows Subscription Member
edited June 11 in Investing (Mac)

I move shares of common stock from my IRA to my regular account at the current price to complete my annual RMD. The stock is not sold but is now acquires the basis of the price on the day of transfer instead of the basis it had in the IRA. How do I account for this other than by recording it as a sale then transfer cash from IRA to regular then purchase in the regular account at the same price?

Comments

  • jacobs
    jacobs Quicken Mac Subscription SuperUser, Mac Beta Beta

    Is this different in any way than a sale in your IRA account, transfer to your non-retirement brokerage account, and purchase in the brokerage account? (That's the way I typically enter such an event: a Sell, a Transfer, and a Buy.)

    Quicken Mac Subscription • Quicken user since 1993
  • volvogirl
    volvogirl Quicken Windows Other SuperUser ✭✭✭✭✭

    Your basis would be the RMD transfer amount not the original IRA basis. There might be a wrinkle if you had a non deductible basis in the IRA.

    I'm staying on Quicken 2013 Premier for Windows.

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