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Split Transactions on Brokerage Account

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David Greene

09 Dec, 2024 10:14 PM

Is there a way to do a 'split' transaction on a brokerage account. I am trying to account for the Fed and State taxes on my IRA account, but the dialogue will not pop-up a split category. All I can do on brokerage is record a transfer. I thought MD was as close to dual accounting as you could get! One other idea I had was to go into my checking account and do a zero dollar transaction and use a split. Is this what I have to do?

1. 1 Posted by David Greene on 09 Dec, 2024 10:25 PM

   

   I solved this. The only way you can make a 'journal entry' involving a brokerage account is to do a zero dollar transaction in a bank account. So mark this solved.

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2. 2 Posted by dwg on 09 Dec, 2024 10:43 PM

   

   You can enter a normal split type of transaction in a brokerage account but only when using the Bank register.

   In the Investment register split transactions are already being used with buy/sell type transactions to manage the security sub account.

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3. 3 Posted by David L Greene on 09 Dec, 2024 10:55 PM

   

   Only assets pop up in the dialogue box, no splits, no expense accounts like estimated fed taxes, estimated state taxes, etc. etc.

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