Investing - Withdrawal Transaction Issue

Marshall Berube · April 2022

I have commented on the Withdrawal Transaction in the past about the inability to Copy and Paste the transaction for a reoccurring dividend transaction, I just figured out the Withdrawal transaction has an issue to split the amount into 2 transfers: 1) to my bank account and 2) to a Federal Tax Withholding Account. It looks like it can only transfer one amount at a time.

Jim_Harman · April 2022

Could you describe exactly what you are trying to do and what problem you are seeing? Is this a distribution from an IRA for example?

Generally it is best to record an IRA distribution with taxes withheld by transferring the gross amount to your checking account and recording the withholding in the checking account. Please see this FAQ, or describe the issue in more detail.
https://community.quicken.com/discussion/7072150/faq-best-way-to-handle-distributions-from-ira-also-rmd

Investing - Withdrawal Transaction Issue

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