Entering Transfers Between IRA Accounts

Gary · August 2019

I want to enter a custodial transfer of funds between IRA accounts into Quicken. When I enter the custodial transfer as "Cash Transferred into Account" it results in a ContribX in the Action column where it should be a XIn because the custodial transfer is not a contribution into the IRA but IRA funds being transferred from one IRA account to another IRA account. How can I get the transfer to result in XIn in the action column?

q_lurker · August 2019

"How can I get the transfer to result in XIn in the action column?"

You can't - at least not directly. Quicken is programmed such that cash coming in is a contribution.

When I have need to transfer in cash assets to an IRA account and not have it identified as a contribution, I have transferred MM shares using the Shares Transferred function between investment accounts.

q_lurker · August 2019

"How can I get the transfer to result in XIn in the action column?"

You can't - at least not directly. Quicken is programmed such that cash coming in is a contribution.

When I have need to transfer in cash assets to an IRA account and not have it identified as a contribution, I have transferred MM shares using the Shares Transferred function between investment accounts.

Gary · August 2019

Thanks for the help q_lurker!

Entering Transfers Between IRA Accounts

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