tag:infinitekind.tenderapp.com,2009-01-14:/discussions/suggestions/13796-recording-401k-and-ira-withdrawals-as-incomeInfinite Kind: Discussion 2021-11-23T14:30:20Ztag:infinitekind.tenderapp.com,2009-01-14:Comment/492049432021-05-19T12:21:16Z2021-05-19T12:21:16ZRecording 401k and IRA withdrawals as income<div><p>If I want to report an event to appear on MD expense reports - e.g. capital gains - I just add a fake transaction for the capital gain (for example) with the offset account against a fake category that I exclude from all reporting...</p>
<p>(not support, just a fellow user)</p></div>Stuart Beesley (Mr Toolbox)tag:infinitekind.tenderapp.com,2009-01-14:Comment/492049432021-05-19T13:06:04Z2021-05-19T13:06:04ZRecording 401k and IRA withdrawals as income<div><p>just a user,</p>
<p>x2, I use fake/null categories all the time to work around some MD limitations. Easy to exclude from reports.</p></div>mhoggietag:infinitekind.tenderapp.com,2009-01-14:Comment/492049432021-08-24T14:22:08Z2021-08-24T14:23:26ZRecording 401k and IRA withdrawals as income<div><p>To conclude what I have done is created two transactions, one in each account, with two different categories. In my checking account I’ve created the category Retirement Income. In my IRA account I’ve created the category IRA Withdrawals. I’ve been able to keep the I&E monthly reports showing just the income into the checking account, while omitting the IRA Accounts from the report. I use the investment performance reports to show gains and losses from investments. Keeping the reports separate allows me to show taxable income and acctual living income and expenses in th I&E reports. There is no reason to include investment losses and gains in the I&E reports. Investment losses and gains show up in the investment reports and investment graphs.</p></div>pbuchta