I assume that that Distributions account should be of type Income (not Asset).
It appears that Income accounts cannot have a stock account type (so cannot move stock via this method). Would have to fake it by selling the stock (in 'from' account) to get cash, move the cash, then buy the stock (in the 'to' account). Also, since X dollars come into Distributions and X dollars leave, the net is zero. So, any report would show zero income. I think a better solution is to use four splits: Cash or stock coming out of Regular IRA Asset account Cash or stock going into Roth IRA Asset account Cash going into a Distributions Income account Cash going into a dummy Expense account Then, make sure to exclude the dummy Expense account in any reports. On Sat, Apr 6, 2024 at 12:43 AM sunfis...@yahoo.com <sunfis...@yahoo.com> wrote: > I am not really knowledgeable in this area (or many other areas, to be > honest), but I found the following discussion (in a Quicken forum) that > might lead you towards an answer: > https://community.quicken.com/discussion/7931315/tax-summary-report-does-not-include-income-for-conversions-to-roth-ira > > My reading of that post suggests that you might first sell your regular > IRA into a (taxable) Distributions account. That would allow creation of > any gains entries necessary. Then use the Distributions account to buy into > the Roth. > > I'm sure others will inform me and you of the errors in my advice. > > David T. > On Apr 6, 2024, at 8:02 AM, Fred Tydeman <tydeman.f...@gmail.com> wrote: >> >> Suggestions on how to record moving cash and stock from >> a regular IRA to a Roth IRA so that a taxable event is recorded? >> ------------------------------ >> >> gnucash-user mailing list >> gnucash-user@gnucash.org >> To update your subscription preferences or to unsubscribe: >> https://lists.gnucash.org/mailman/listinfo/gnucash-user >> ----- >> Please remember to CC this list on all your replies. >> You can do this by using Reply-To-List or Reply-All. >> >> _______________________________________________ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
