Categorizing distributions from retirement investment accounts

Hello @Sandra W.,

To clarify, when you say both transactions, are you referring to both sides of the transfer (the withdrawal from the investment account and the deposit in the checking account)? If that is what you're referring to, then both would reflect the transfer in the Category column. The reason for this is because a transfer is neither income nor expense; it's just money moving between your accounts. If needed, you can create and add tags to provide additional information. For more information on creating/using tags in Quicken Simplifi, click here.

When you refer to a monthly distribution, are you referring to money you are moving from your investment account to your checking account, or are you referring to a payment the company or fund is sending to investors? If it's the former, then documenting it as a transfer makes sense.

If it's the latter, then the distribution going into the investment account would be a separate transaction from the transfer moving that money from the investment account to the checking account. You would want the Action column to reflect the appropriate Income (Div Int, Dist), and you would want to select/create a category that shows it as income (and, if applicable, reflects the correct Tax information). If you're not certain which tax line applies, you can hover over it to see more information.

I hope this helps!