ROTH Conversion

markisgold

I’m asking how to record a ROTH conversion in Quicken Classic Premier Windows 62.16.

I tried searching for an answer but only found transfers of specific stocks. I transferred a $ amount from a simple IRA account to a ROTH IRA account.

I tried doing a simple Withdrawx with the cash transfer to the ROTH account but then it didn’t show up in tax reports.

Thanks for any help,

Mark

[Deleted User]

@markisgold I simply created a "Roth Conversion" category and attached the tax line item - Form 1099-R: Total IRA taxable distribution

Keep in mind that the transaction will never show on tax reports because the IRAs are usually excluded from tax reporting. In order to get the transactions for Roth Conversion to show, you would need to somehow run them through a taxable account. I never bothered with this and just ran a tax report for all accounts, for only transactions with a tax line item.