I am not an accountant but it appears to me that this is not addressing the real problem. The effect here is merely renaming the dummy account and doing some sign switching. I suspect that there is a problem in the chart of accounts. The OP says that the dummy expense is affecting the investment. The dummy expense account should probably be a high (top?) level account unrelated to the investments.
Dale On Sun, Jun 7, 2026 at 1:05 PM David Warren <[email protected]> wrote: > Yes as David R suggests: > > When income is originally deferred into a regular Ira, or when there is > growth in the Ira value (interest, dividends, cap gains all don't matter) > > Debit asset:IRA $xx > Credit income:untaxed:IRA deferred $xx > > Then when you withdraw capital from the IRA: > > Credit asset:IRA $yy > Debit asset:other account $yy > Debit income:untaxed:IRA deferred $zz > Credit income:taxable:IRA $zz > > Note that zz might be less than yy in the event you have taxable basis in > the Ira and hence not all of each withdrawal may be taxable. > > There should be no "dummy expense" account. > > On Sun, Jun 7, 2026, 1:33 PM David T. via gnucash-user < > [email protected]> wrote: > > > 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. > > > _______________________________________________ > 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. 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