I have been using Microsoft Money for over 18 years and am now approaching retirement. I have both 401K and Roth retirement accounts setup and I'm wondering how to properly record withdrawals so that the tax implications are properly reflected in Money.
As an experiment, I tried entering a simple transfer from the cash portion of both the Roth and 401K.........neither instance created a taxable transaction in Money. This should be fine for the Roth, but the 401K is all pre-tax contributions. So
what do I need to do.... do I need to record withdrawals and then separate deposit/income transactions???...or...?
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