tax report won't save, apparently

Quicken Windows Subscription Member ✭✭
edited December 2023 in Errors and Troubleshooting (Windows)

I go to Reports, Tax, Tax Schedule, and I get a report. It doesn't include one of my IRA accounts. I go to the wheel to customize, include it, and it works. I then click on the SAVE button, and the dialog box lets me save it to My Saved Reports, where it shows up… but I want it to be valid when I just go back to Reports, Tax, Tax Schedule. There must be a way to customize the standard report, isn't there?

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Answers

  • Quicken Windows Subscription SuperUser ✭✭✭✭✭
    edited November 2023

    There are a few exceptions, but generally you can't customize the standard reports. This is by design. Think of them as report templates. They provide a known starting point for customizing.

    Also note that you generally want to keep the default of excluding IRAs and other tax deferred accounts from the tax reports. Otherwise income and capital gains in those accounts would be included in your tax reports, which would be wrong.

    QWin Premier subscription
  • Quicken Windows Subscription Member ✭✭

    Thanks, and I hear you about the capital gains. But tax payments are withheld in my IRA account, so I'd like them to show up. I'll either use a customized report or do some sort of sleight of hand with the tax entries, moving them to a different account.

  • Quicken Windows Subscription SuperUser ✭✭✭✭✭

    Generally with IRA distributions, you should enter the full distribution as a Deposit in a taxable account, and any deductions as splits in the Deposit transaction. This will cause the distribution to be recorded correctly in the tax reports.

    See this Idea post for more information

    Improve handling of IRA distributions, including QCDs and Roth conversions

    Jim_Harman
    QWin Premier subscription
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