Categorizing withdrawl for profit from previous year after tax

Maribel

I will be making a withdrawl from the checkings account for the profits of 2020 next year around March.
How do I categorize that amount since the transaction will be done in 2021?

AlexL

Hey @Maribel , based on the way you describe this, I would think you'd create the expense transaction like you would any other. As it seems I may be missing something here and it doesn't have to do with your taxes, I'd recommend reaching out to an accountant or CPA on how to handle this as there may be larger implications involved.