How To Record RMD (Required Minimum Distribution)

WagonWheels
WagonWheels Quicken Mac Subscription Member

Using Quicken Classic Premier for Mac v.8.3.3 | Each year the IRS requires that I withdraw a certain amount from my IRA. I normally do this in Dec. The funds are transferred from my IRA to my bank checking account. The amount transferred is a taxable event which increases my taxable income by the amount of the RMD. QuickenMac does not have a way to capture this event as taxable. QuickenMac only records it as a transfer of assets from one account to another. What is a work around?