IRA Annual Distributions

John Pierce's Avatar

John Pierce

04 Nov, 2021 08:10 PM

Why are my IRA annual Distributions showing up a Negative values under income in the Income and Expense Reports?

  1. 1 Posted by James Khalaf on 04 Nov, 2021 08:40 PM

    James Khalaf's Avatar

    Good question.
    What I did was figure that the distribution is, in my case, really only a transfer from my IRA to a cash account. The only expense is withholding tax. I made a tag for it, so if I ever have to know how much I RMD'd in a year I can easily look it up.
    Inelegant, but it works.

    Anyone else?

  2. 2 Posted by JJ Pierce on 04 Nov, 2021 10:07 PM

    JJ Pierce's Avatar

    Thanks James, the problem is that the negative value that shows up in the download winds up as a negative number in the Income Report thereby reducing Income when it should be increasing income.
    Hopefully the team at Infinite will have a solution.

  3. 3 Posted by sprimost on 04 Nov, 2021 11:12 PM

    sprimost's Avatar

    From: sprimost

    May I suggest that you search the archives of the forum. There are a
    number of "working solutions and good suggestions/discussions.

    Snapshot explanation: For me, I do a "sell from the RA security., and
    then do a misc-Expense using a "contra-account (actually a placeholder
    that tallies how much is done). The I "income the amount, deducting the
    taxes. All in all, the "mess" shows up as income for the RMD withdrawal,
    and there is a negative amount in an contra-income category.


  4. 4 Posted by JJ Pierce on 05 Nov, 2021 12:46 AM

    JJ Pierce's Avatar

    Thank you,

  5. 5 Posted by JJ Pierce on 09 Nov, 2021 07:16 PM

    JJ Pierce's Avatar

    Why is it I never get a reply to a support request?

    From: Infinite Kind <[email blocked]>
    Sent: Thursday, November 4, 2021 1:13 PM
    To: [email blocked]
    Subject: Your support request has been received by The Infinite Kind

    [Image removed by sender. The Infinite Kind]<>
    The Infinite Kind technical support:<>
    email: [email blocked]

    Hello John Pierce!

    This is an automated response to let you know that we've received your request:

    IRA Annual Distributions

    and will respond as quickly as possible. Answers to many common questions can be found in our knowledge base<> and user guide<>.

    Based on your support request, we think you may find the following articles from our FAQ helpful:

      * Reminder Frequency<>

    We'll send an email to you (at [email blocked]) when we update your support request. Alternatively, you can keep track of this conversation online<>.

    Thanks again!

    The Infinite Kind

    Be a part of the Community: Blog<> | [Image removed by sender. Twitter] <> | [Image removed by sender. Facebook] <>

    You have been sent this message because you recently opened a help request with The Infinite Kind.

  6. System closed this discussion on 08 Feb, 2022 07:20 PM.

Comments are currently closed for this discussion. You can start a new one.

Keyboard shortcuts


? Show this help
ESC Blurs the current field

Comment Form

r Focus the comment reply box
^ + ↩ Submit the comment

You can use Command ⌘ instead of Control ^ on Mac