I recently rolled over an old 401k to an existing Rollover IRA I have. I'm not sure how to enter this into Quicken though. I tried a few ways with the following results:
- Sell the stock in the 401k account and transfer to the Rollover: This triggers an IRA contribution tax event, which messes up my Tax Planner.
- Transfer the stock in the 401k to the Rollover IRA and then sell it inside the Rollover: This is what I'm doing for now, but it looks like my net worth is overvalued by the amount of my rollover (it looks like I gained money out of nowhere)
- Hide the 401k account and create a Deposit of the rollover amount in the IRA: This looked correct in my reports, but it feels like I'm creating money out of nowhere again.
Has anyone found a better way to do this?