All Forum Posts by: Barb Asay

I am trying to record the sale of a rental property in Quicken HB&R 2018 version.  I am new to the software, figured out most of it but this one has me stumped and not finding answers online.

What categories do I assign to the closing costs and net proceeds?  I am using a split transaction to itemize the expenses/proceeds to total the selling price, correct?

Thanks!

Thank you for your reply.  the service fees and sales tax on my business account are usually under $5, not that the amount matters that much.  My accountant records them on my taxes as common or shared expenses so I want to track them separate.  I hope that makes sense.  There has to be a way to track expenses that are business related and deductible but not attributed to a specific property, isn't there?

Hi, I'm new here and have a question.

I have 8 rental units and have been using YNAB for accounting because I LOVE it for my personal finances, but its super limited on reporting so I have decided to try Quicken.  I just downloaded the Home and Business 2018 version.

My question is:  How do I record what will later be tax deductions as common expenses?  For example, bank fees and company supplies?

Edit:  Also wondering how to record my owner contributions and distributions

Thanks!