Thank you.  That got rid of the misleading numbers in the Advanced
Portfolio report.

On Mon, Jun 8, 2026 at 2:02 AM 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.
>
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