How to deal with RMD issues
Revjuls
Quicken Windows 2017 Member
How do I account for Required Minimum Withdrawal that is transferred to a Joint Investment account and then into a joint bank checking account?
0
Best Answer
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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).0
Answers
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ps....it's called the RMD - required minimum Distribution
I'm staying on Quicken 2013 Premier for Windows.
0 -
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).0
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