Charles Schwab IRA dividend downloads into Schedule B taxable dividends

tyce
tyce Quicken Windows Subscription Member
edited March 2022 in Download, Add/Update Accounts (Windows)
I recently did an IRA rollover into Schwab. When I download transactions from Schwab Quicken puts the dividend income into a taxable category. IRA dividends are not taxable until we withdraw from the account. Is it safe to assume that others have created a new category in Quicken for these dividends so the tax planner does not show these as taxable schedule B dividends in the planner?

Answers

  • Rocket J Squirrel
    Rocket J Squirrel Quicken Windows Subscription SuperUser ✭✭✭✭✭
    Is your Quicken account properly set up as a tax-deferred IRA?

    Quicken user since version 2 for DOS, as of 2025 using QWin Premier (US) on Win10 Pro & Win11 Pro on 2 PCs.

  • tyce
    tyce Quicken Windows Subscription Member
    No it is not, I will change this, thank you for your time and consideration.
  • tyce
    tyce Quicken Windows Subscription Member
    I turned on the "tax deferred" radio button in account details and that fixed the planner.
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