So debit that liability account when you take the actual distribution(s) On Thu, Jun 11, 2026, 5:04 PM Adam H. Kerman <[email protected]> wrote:
> 2:49pm -0000 06/11/26 Sherlock <[email protected]> wrote: > > >We track distributions from traditional retirement accounts as deferred > >income by adding a pair of balanced splits to the transfer transaction. > > >For example: > > >Assets:Banking:Checking 100.00 > >Assets:Investing:IRA 100.00 > >Income:Deferred 100.00 > >Income:Deferred:IRA 100.00 > > >Income:Deferred:IRA is flagged as "Tax Related" with the "F1099-R IRA > total > >dist - taxable" TXF category. > > Your accounts are going to balance with this approach, sure. But I'm > entering RMD as a liability when it becomes known, with a January 1 date, > to > track it within the bookkeeping program as there are taxes to pay. > _______________________________________________ > 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.
