Quicken thinks an IRA withdrawal is an IRA purchase

h stansfield
h stansfield Quicken Windows Subscription Member ✭✭
in Registers & Transactions (Windows)

I am retired, and I have scheduled monthly withdrawals from Vanguard IRA's.

These are set up in quicken as transfers FROM Vanguard TO my bank account. When I enter it via scheduled bills and deposits, I get a flag question that asks "Do you want to record this as a 2025 or 2026 IRA deposit?

I can't close the dialog box without entering one or the other. It's not a deposit to the IRA, it's a withdrawal from it. It's more annoying than anything, it doesn't appear to be affecting any of the tax reports or anything like that….but it's weird.

Am I the only one?

Comments

  • volvogirl
    volvogirl Quicken Windows Other SuperUser ✭✭✭✭✭

    Try deleting that scheduled transaction and set it up the other way around as a scheduled deposit to the bank account first. Especially if they take any tax withholding out of the IRA withdrawal.

    I'm staying on Quicken 2013 Premier for Windows.

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