How to deal with RMD issues

Revjuls · May 2021

How do I account for Required Minimum Withdrawal that is transferred to a Joint Investment account and then into a joint bank checking account?

q_lurker · May 2021

Start here:
https://community.quicken.com/discussion/7072150/faq-best-way-to-handle-distributions-from-ira-also-rmd#latest
In the first receiving Joint Investment Account, you may need to have two transactions - one as receiving the Gross distribution, and the second as paying the withheld taxes (two if state and federal withheld).

volvogirl · May 2021

ps....it's called the RMD - required minimum Distribution

q_lurker · May 2021

Start here:
https://community.quicken.com/discussion/7072150/faq-best-way-to-handle-distributions-from-ira-also-rmd#latest
In the first receiving Joint Investment Account, you may need to have two transactions - one as receiving the Gross distribution, and the second as paying the withheld taxes (two if state and federal withheld).

Best Answer