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Posted by Randy Stevens on May 1, 2006, 9:30 am
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Dan and JM,
Regarding step 1...
The Tax Schedule Information dialog has a checkbox indicating it is a
"Tax-Deferred or Tax-Exempt Account". The dialog also has two optional
combo boxes for specifying tax schedules:
- Transfers In
- Transfers Out
Both of the combo boxes are blank.
It sounds like this is the correct setup.
Regarding steps 3-4...
This is much nicer as everything is contained in the one account! With the
original method, the other account (I was using a checking account) had a $0
entry every week.
Thanks again for your helpful advice.
> Update to my original answer ('cause I'd forgotten that you CAN assign
> a category to cash transfers INTO a non-checking linked Investment
> account)..
>
> Still do step 1.
> Still do step 2.
> Change step 3 to create a "Cash Deposit" transaction within the
> investment account. Assign the "Emp Def Contrib" as the category on
> the transaction.
> Still do step 4 (only, now, it's an investment transaction.)
> Still do step 5.
>
> As JM correctly stated, setting the tax status in step 2 will handle
> the tax treatment of the employer deposit. Still doesn't hurt to
> double-check.
>
> db
>
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