Question has come up before in this forum. You may need to search the
Basically, you have two transactions to deal with: (1) a sale of a
investment (stock or mutual fund), and (2) a reporting of income, less
federal and state taxes (US based).
(1) Do a "sell" of the stock or mutual fund which increases the amount
of the cash in the account by the withdrawn (such as a Required Minimum
Distribution). as _RMD distribution
Setting up a "contra account", do a misc expense of that stock or
mutual fund (the transaction requires to assign a fund or stock), to the
contra account INCOME).
(2) Enter in your checking account, transaction with an INCOME category
of the total amount, and less the EXPENSE account for taxes. My income
category is "RMD distribution"
Your income and expense report will show two income categories, One will
have a positive amount (this is your INCOME), and another will show
negative (this is the contra account that can be filtered out when out
run the report. I like to show both though a pain to adjust the total
income because it is a check to see that I did it correctly each month
(notice that I am working with two different account)
I am sure there are other ways but this has worked for me for many
years. I did it this way for the use case run an "EXPENSE" report
(negative income) for RMDs) as a function of determining by real ROI on
the 401(k) account.