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Posted by John Pollard on September 23, 2006, 9:45 am
Please log in for more thread options > I hold an IRA at Fidelity, consisting of Fidelity Low Priced
> Stock
> (FLPSX).
>
> I converted some of the shares to a Roth IRA.
>
> How do I tell Quicken that some of my Fidelity FLPSX has an
> investment
> goal of IRA, where others have an investment goal of RothIRA?
>
> My objective is to be able to get reports showing IRA balances
> separate from RothIRA balances. Investment Goal seems to be
> the most
> convenient way of identifying this. I want, as well, to show
> the tax
> consequences of the IRA to RothIRA conversion.
Create a new Quicken Roth IRA account. Transfer the cash you
got from selling shares in the traditional IRA to the Roth IRA
account. Buy shares in the new Roth IRA account. Track the two
retirement accounts by ... *account*. (That should also
parallel what happened in the real-world.)
--
John Pollard
First initial underscore Last name at mchsi dot com
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