[GNC] IRA conversion

[sunfish62 at yahoo.com]

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, 8:02 AM, at 8:02 AM, Fred Tydeman <tydeman.fred at 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?
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