What is the accounting treatment for dividends reinvested in a retirement account

[Jay Ridgley]

Folks,

I get dividends that are reinvested into the stocks and mutual funds in 
my retirement accounts. These funds are not taxable until withdrawn. 
What is the proper classification of those moneys?

Currently I have them identified as income, however, it appears that 
since they are also being added to an asset account this overstates my 
actual income. What is the proper place(s) to record these items?

One side must be the account for the stock/mutual fund involved (I 
think) but what should about the other side?

I am a resident of the United States of America.

Thanks,
Jay

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Jay Ridgley
jridgley2 at austin.rr.com
Registered Linux User ID - 9115
Registered Ubuntu User ID - 23320