I am not an accountant. I only have retirement accounts from which I have not yet taken distributions.
I am sure that Michael or others will correct me, but the income account transaction should most likely be balanced by the income account that funded the IRA originally (such as Income:Wages:Deferred or Income:Dividends:Untaxed). For a fully taxable IRA, it might simplify things to transfer the value of the IRA to a single equity account and balance against that-- although that's just my uneducated opinion (and would pose the problem of handling later interest transactions). I also do not know how the reports will handle these transactions. I do not know specifically how the advanced portfolio would handle them. David T. On June 7, 2026 9:32:15 PM GMT+05:30, Wm Tarr <[email protected]> wrote: >I'm in the UK but there is plenty about IRAs and RMDs in the list archives. > >Wm > >On 2026-06-07 15:46, Fred Tydeman wrote: >> In looking at the transactions, it is due to the way I entered my >> Required Minimum Distribution (RMD) for my Regular IRA. >> There are the two normal splits of: >> selling some shares and >> putting the proceeds into an asset account (bank). >> >> I wanted by RMD to show up as taxable income, so I added two >> more splits of: >> Income account (IRA distribution) >> Expense account (dummy to balance that income). >> >> It is that dummy Expense split that shows up as both >> the unrealized loss and >> the brokerage fees >> >> Is there a better way to record the RMD as taxable income? >> >> >> On Sun, Jun 7, 2026 at 5:34 PM Wm Tarr <[email protected]> wrote: >> >> Try the various options for "How to report brokerage fees" to see >> if one >> makes more sense than the others. If it is showing brokerage fees >> you >> must have entered them, surely? >> >> Wm >> >> On 2026-06-07 03:58, Fred Tydeman wrote: >> > I am looking at the Advanced Portfolio report for an account. >> > One of the holdings is a money market that has a constant price >> of $1.00 >> > The Advanced Portfolio report shows an Unrealized loss for that >> money >> > market. >> > I am expecting a gain/loss of zero (since the price is constant). >> > >> > Also, that report shows a large amount of Brokerage Fees, >> > yet there are no fees for any of the transactions. >> > >> > Are these bugs? >> > _______________________________________________ >> > gnucash-user mailing list >> > [email protected] >> > To update your subscription preferences or to unsubscribe: >> > https://lists.gnucash.org/mailman/listinfo/gnucash-user >> > ----- >> > Please remember to CC this list on all your replies. >> > You can do this by using Reply-To-List or Reply-All. >> _______________________________________________ >> gnucash-user mailing list >> [email protected] >> To update your subscription preferences or to unsubscribe: >> https://lists.gnucash.org/mailman/listinfo/gnucash-user >> ----- >> Please remember to CC this list on all your replies. >> You can do this by using Reply-To-List or Reply-All. >> >_______________________________________________ >gnucash-user mailing list >[email protected] >To update your subscription preferences or to unsubscribe: >https://lists.gnucash.org/mailman/listinfo/gnucash-user >----- >Please remember to CC this list on all your replies. >You can do this by using Reply-To-List or Reply-All. _______________________________________________ gnucash-user mailing list [email protected] To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
