How do I record a Roth conversion

marciaearle
marciaearle Member ✭✭
in Errors and Troubleshooting (Windows)

I've seen @Jim_Harman 's very helpful post about recording Roth conversions - but I don't quite understand steps 3 and 4. Is this basically a dummy bank account where you record and categorize those transactions? Thanks in advance for any help.

https://community.quicken.com/discussion/comment/20526309#Comment_20526309

Answers

  • NotACPA
    NotACPA Quicken Windows Subscription SuperUser ✭✭✭✭✭

    It could be a dummy account, but doesn't have to be since transactions net to $0. If you have a "CASH" account, that would work well.

    Just take a backup before you start any of this … just in case.

    Q user since February, 1990. DOS Version 4
    Now running Quicken Windows Subscription, Business & Personal
    Retired "Certified Information Systems Auditor" & Bank Audit VP

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