Best way to accumulate taxable IRA income

[John Ralls]

> On Sep 24, 2015, at 7:34 AM, Ed Fields <ed at efields.com> wrote:
> 
> Well that picture idea in my original message was not a good idea.
> 
> I need a suggestion on how to assign the full IRA Account sale proceeds to
> both my Checking Account and also to my IRA Income account (for year end
> tax purposes).
> 
> I understand how to split up W2 income to the various expense accounts,.
> but in this operation, I want 100% of the sale to go to both the Checking
> Account and to the IRA Income Account.
> 
> I can set the IRA Fund transaction field to send the sale to the Checkbook
> or I could send the sale funds to my IRA Income account, but don't see how
> to send the full amount to both of those accounts.
> 
> My workaround is to manage the IRA Income Account manually and to leave its
> transaction field at Imbalance-USD.
> 
> Can anyone suggest an alternative method here?
> 
> Thanks again for your time.
> ed
> 
> p.s.
> I have done a search in the archives for managing retirement fund income
> but cannot find my solution.
> 

Treat the income part as a capital gain. See Chapter 9 in the Tutorial and Concept Guide for details.
http://www.gnucash.org/docs/v2.6/C/gnucash-guide/chapter_capgain.html

Regards,
John Ralls