Notifications
Clear all
How-do-I Do a Particular Thing in PRC?
2 Posts
2 Users
0 Reactions
34 Views
Topic starter October 6, 2025 4:28 pm
I've modeled an inheritance of a taxable account which occurred in the first year of my plan by
1) Creating a windfall income for the amount distributed to me (taxable = No) in plan first year
2) Recording a scheduled withdrawal from the Cash account to Taxable Investment account in plan first year
How can I record that the cost basis of this distribution is 95% of the distribution value?
October 7, 2025 7:52 am
@sgg744guerra I'd recommend just adding this as another line item on the Build > Financial Assets > Account Initial Balances > Taxable Accounts page. It allows you to specify the initial basis. Note, though, that this inherited account will not be modeled separately from your other taxable accounts.
Stuart
