Difference between revisions of "Performing an IRA Distribution"
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* Select Transactions | * Select Transactions | ||
* Select Investment Payout. You will see this screen: | * Select Investment Payout. You will see this screen: | ||
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| + | [[File:investment payout 1.png]] | ||
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* In the Inv # field, type the number of the investment that you are doing the payout for, and either click Find or press enter. The screen will populate with the investment's information: | * In the Inv # field, type the number of the investment that you are doing the payout for, and either click Find or press enter. The screen will populate with the investment's information: | ||
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| + | [[File:investment payout 1_1.png]] | ||
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* Select your interest method | * Select your interest method | ||
* Select your payment method | * Select your payment method | ||
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* In the Principal feild, enter the amount of the payout | * In the Principal feild, enter the amount of the payout | ||
* Click Save. You will see this message (if you are not doing the entire balance as a payout): | * Click Save. You will see this message (if you are not doing the entire balance as a payout): | ||
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| + | [[File:investment payout 3.png]] | ||
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* Click Yes to proceed | * Click Yes to proceed | ||
* You will then get a pop up for the Tax Year IRA Disbursement: | * You will then get a pop up for the Tax Year IRA Disbursement: | ||
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| + | [[File:investment payout 4.png]] | ||
| + | * Select the appropriate distribution code | ||
| + | * If you need to adjust the gross distributions, taxable amount or federal withholding, you can do so now | ||
| + | * Click OK | ||
| + | * The system will now display this message: | ||
| + | [[File:investment payout 5.png]] | ||
[[Category:Investments]] | [[Category:Investments]] | ||
Revision as of 13:09, 29 November 2011
Within the DDI Connect Investments module, it is easy to perform an IRA distribution.
- Go to Financial Services
- Select Investments
- Select Transactions
- Select Investment Payout. You will see this screen:
- In the Inv # field, type the number of the investment that you are doing the payout for, and either click Find or press enter. The screen will populate with the investment's information:
File:Investment payout 1 1.png
- Select your interest method
- Select your payment method
- Check "Apply penalty" if needed
- In the Principal feild, enter the amount of the payout
- Click Save. You will see this message (if you are not doing the entire balance as a payout):
- Click Yes to proceed
- You will then get a pop up for the Tax Year IRA Disbursement:
- Select the appropriate distribution code
- If you need to adjust the gross distributions, taxable amount or federal withholding, you can do so now
- Click OK
- The system will now display this message:
