Sale of IRA Mutual Funds as an Premature Distribution

Milton Stern drmoshe5 at gmail.com
Mon Oct 26 19:04:11 EDT 2015


Hi,

I needed to do a Sale of IRA Mutual Funds as an Premature Distribution,
with Proceeds deposited as a check into a Checking account.

Trying to understand a prior thread, and use it practically:
http://gnucash.1415818.n4.nabble.com/Accounting-Treatment-of-Taxable-IRA-Distributions-td4661627.html
Also noting that this discussion is not of a Premature Distribution.


1. My IRA account is in Assets, should it be in Equity?
2. What should the transaction look like?

Thanks in advance,

Moshe

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And if I am only for myself, what am I?
If not now when? (Avot 1:14)
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