Transferring Shares from IRA to Personal Account

Henry Theloosen

I recently transferred some shares direct from my IRA to my personal account. Quicken (MAC) treated this as a regular transfer, while it should be treated as income on my personal account register. Something like selling the shares in my IRA, transferring that money to my personal account and then buying the same shares back.

When I look at my federal income report from Quicken this transaction is not listed.

Any suggestions?

Tom Young

Quicken on the Windows side of the house doesn't properly handle a transfer of stock out of an IRA and into a taxable account, either.

Here's a discussion about how to do this :

https://community.quicken.com/discussion/7185138/faq-how-to-do-an-ira-distribution-as-a-transfer-of-stock