I have a 401k with assets spread out over 5 different securities. I am about to redistribute the assets (ie go from a 60%-10-10-10-10 to
20%-20-20-20-20).I could simply sell and buy shares to create the new distribution, but then Quicken would show all kinds of realized gains that weren't really realized since it is a retirement account.
Is there a way to do this without showing a realized gain? Or is that something I actually don't want to do?
Thanks in advance.
Dwayne
You should do it with Sell/Buy transactions.
Yes, you will have capital gains/losses but these are not taxable and are not reported to the IRS. The capital gains are treated just like any dividend/interest income in your account - this income is sheltered from current taxes.
You will get your chance to pay the taxes when you retire and start making with-drawals [as I am doing :
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