Investment account cash balance

Stubby wrote in news:2b8e1d81-93c6-47a6- snipped-for-privacy@y23g2000yqd.googlegroups.com:

I am doing someting similar I believe, but it is monthly from a TIAA Supplementary Retirement Account.

In Quicken I do a transfer from the SRA account with $x going to my checking account, $y to a category for Fed taxes and $z to the category for state taxes. I fill in the numbers from the statement.

Transfering into your checking account will work, but it doesn't represent what is going on in the real world. It isn't a good audit trail for future reference. Vanguard is paying my taxes and Quicken lacks a way to say "some one else payid this bill on my behalf".

Stubby, Vanguard is processing the various transactions on your behalf, but you are most assuredly "paying" the required Fed and State withholding. You will need to reflect that withholding on your Fed and State final returns. I think Hans gave good advice, or I don't understand you question. Do you use Quicken for tax reporting, or for transfer to Tax s/w like TurboTax?

"JMc" wrote in news:if50kj$551$ snipped-for-privacy@news.eternal-september.org:

In my case it is a pension-type distribution, so I treated it the same as I did my wage paycheck, which I constructed long before Q had a paycheck feature..