IRA to ROTH Conversion Function

scampsrp

When is Quicken going to add a function to convert IRAs to Roth
conversions so we don't have to go through 6 different steps to make it
happen. How hard can it be to add "Conversion" to the drop down
transaction box and either convert cash or holdings to a Roth account. Do you not realize that people do this every year, sometime multiple times.

I have asked this in the past but never got a definitive answer….you only provided a link to something unrelated.

Chris_QPW

It is planned (and that is all the feedback you are ever going to get on this):

https://community.quicken.com/discussion/7864626/improve-handling-of-ira-distributions-including-qcds-and-roth-conversions

But I will also state that this statement ignores the "truth":

How hard can it be to add "Conversion" to the drop down
transaction box and either convert cash or holdings to a Roth account.

It isn't just a simple pull down menu and a transfer to a Roth account.

If it was that simple you could do the transfer yourself right now, but that won't work right because tax entries are involved, and since tax entries can't be done in either the Traditional IRA or the Roth IRA, it involves at least one taxable account and