[GNC] Roth IRA conversion

[Dale Alspach]

I do not know whether this is proper accounting or not, but I use an
artificial expense account "Conversion to Taxable". Any withdrawal X
dollars from an IRA or other pre-tax asset account gets some extra split
entries.
Credit IRA X
Credit Taxable Income IRA X
Debit Conversion to Taxable X
Debit post-tax account (bank, Roth,...) X

The only purpose is to expose the taxable income.

Dale

On Sun, Dec 18, 2022 at 9:25 PM Fred Tydeman <tydeman.fred at gmail.com> wrote:

> For a USA person, when I move cash from a regular IRA (tax deferred
> account) to a Roth IRA (tax free account), besides the movement of the
> cash, I need to also somehow show that the cash moved is considered
> income.  What should be the other side of the income pair?
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