[GNC] How to treat IRA distribution as income

Bob Plantz rgplantz at outlook.com
Thu Dec 26 23:30:19 EST 2024


I realize that an IRA distribution is not income, but the (USA) IRS treats it as income. My IRA is in a mutual fund, and I sell shares to create a distribution. The bulk of the money from that sale goes into my bank account, another portion goes to the IRS for withholding tax, and the third portion to my state withholding tax.

How do I get gnucash to treat the total cash distribution as income? I've been using gnucash since 1997 and have never been able to figure out a good way to do this.



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