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?

intouchwithreality

You create a Quicken "business" and assign a tag to it.

Business > Manage Business Information > Add

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.

intouchwithreality

I left something out of my previous post.

To create a Property Tag, you need to create a Quicken Property and assign it a tag.

Rental Property > Rent Center > Properties & Tenants > Add Property

Quicken will require you to create a tag for the property.

As to locating info in Quicken Help: sometimes it's useful to start from someplace other than the Help menu.

In Tools > Tag List, you should see a small blue circle with a question mark in it, in the lower left, which is a Help icon (many dialogs have that same Help icon). Clicking that icon gets you to context sensitive help; in the Tag List, it should lead you to info about creating tags, including creating Business and Rental Property tags.

When in Help, you should also look carefully for text in blue, which is a link to additional Help information,.

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.

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.

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.