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Posted by JM on February 6, 2008, 9:27 pm
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>
>
>
> > nospam wrote:
> >> Does anyone out there who is using Quicken 2008 have an IRA
> >> distribution transferred to another investment account?
>
> > Yes, if doing it in a test file counts.
>
> >> If so, are your distributions displayed in the Tax Schedule report.?
>
> > Yes, if I have set the IRA account "Tax Attributes" to show that transfe=
rs
> > out are assigned to a Tax Schedule Line Item.
>
> > [Account "Overview" tab, "Options" on the "Account Attributes" title bar=
.]
>
> > --
> > John Pollard
> > First initial underscore Last name at mchsi dot com
> > Please reply to newsgroup
> > Thanks for answering, John. =A0Did you set the Tax Schedule Line Item to=
one
> > of the 1099-IRA Distribution choices?
>
> I did a little more research and found this result: =A0If the transfer is =
from
> one investment account (in my case a Mutual Fund) to another investment
> account and the 1099-IRA tax item is chosen the distribution is not shown =
in
> the Tax Schedule report. =A0If the distribution is transferred to any othe=
r
> type account (Spending, etc.) the distribution is shown. =A0 Also if the
> transfer is from any type account other than investment it will show. =A0M=
ake
> any sense? =A0I'm using 2008 Deluxe if that makes any difference. =A0I alw=
ays
> used investment to investment transactions in prior versions of Quicken.
> Maybe I have some setting wrongly selected.- Hide quoted text -
>
> - Show quoted text -
This bug has been around since about QW05 as best I can recall. There
have been several threads on it in this forum and in Intuit's forum. I
have filed bug reports two times and believe others have filed.
One work around discussed was to use an intermediate cash flow
account; transfer from the IRA to the cash flow account and from there
to the investment account. Bit cumbersome but does get the tax
reporting correct.
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