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How do I create a Business Tag?

JrVarsity

I have Quicken Home, Business & Rental Property 2019. My Tag List shows two Types of tags, "Property" and "Other". Every time I try to create a New Tag it only gives me the option to create an "Other" tag, not another "Property" tag and there's no option for creating "Business" tag. It would be helpful to have three types of tags, "Property", "Business" and "Other"

How do I assign a Type to a tag when creating it?

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volvogirl

And FYI - To be included in business reports (and I don't know where else) you have to assign the category to a schedule C tax line item number. To check the tax line assignment open the Category list by either clicking on the Category Icon or go to Tools-Category List or Ctrl+Shift+C. Then select the category and right click on it to Edit it. Click on the Tax Reporting Tab and check the box for Tax related and pick a Schedule C: tax line item.

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volvogirl

JrVarsity

Thank you intouchwithreality, I could not find that in the Help file.

Thank you volvogirl. I will save this instruction and consult my tax advisro.

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JrVarsity

Thanks for the follow up. I was able to figure out the Property Tag applying the same logic you provided for the Business Tag. Also appreciate the information about context sensitive help.

This issue has also made me aware of how to do things in Quicken, some of which seems duplicative and counter-intuitive, but its just the way it works. For example, one rental property required establishing a mortgage, an asset, a checking account for my property management account, a rental property and a tag. I'm sure that I missed something that I'll figure out the next time I see my accountant or try to print a report.

All of the above being said, Quicken seems better than a spreadsheet and the version I have may spare me the expense of also having to use QuickBooks. Thanks again for the assistance.