Cash Transfer between IRA Accounts
I closed one Traditional IRA (Acct A) and opened another Trad IRA (Acct B) as its replacement for a different management strategy. The transfer between accounts worked easily and effectively for stocks and mutual funds. But I also need to transfer Cash position from A to B. That’s where an effective approach to enter these transactions is elusive
When transferring mutual funds and stocks from "A," I used Remove Shares in Investment Transaction field and things worked good. The same process to transfer Cash position did not. Cash Transferred out of Account (XOut) "A" defaults to Cash Transferred into Account (XIn) "B." But Q problematically shows the transaction as ContribX and requires Tax Yr of Contrib even though it's a cash transfer between IRAs. I also tried Transferring Shares Between Accounts but a Security name is required. Cash transfer is not an option.
The best reference I found so far is Entering Transfers Between IRA Accounts — Quicken and improvement idea/suggestion, Why is there no "rollover" selection for transactions in IRA accounts? — Quicken. Feedback welcomed.
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