I would record the sell transaction(s) to generate cash in the account and then record a Misc Expense transaction for the amount of the premium. I would create an appropriate category for the insurance premium.
Hi
I pay 401K disability insurance premium. This gets deducted from 401k account - basically on the dates the premiums are paid, some of the shares in the 401K account get sold to pay the premium.
When I download the txns from the 401K financial institute, these premium txns come across as Quicken "sold" txns that put the proceeds into the 401K account as positive cash balance. I can convert these to Quicken "Removed" txns that just delete specified amount of shares from the account but then I loose the detail for total premium amount and share price used to sell the required number of shares.
What is the best way to track these downloaded txns for the disability insurance premiums in Quicken?
Thanks Bob
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