Economic Impact payment from IRS
Concordman
Mac Beta Beta
How do the folks here suggest one handles the economic impact payment from the IRS. I believe its not taxable, wondering about the category selection
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Best Answer
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Hi @Concordman,
I would suggest that you use the category "Other Inc[ome]". It is obviously unlikely that you'll ever receive anything like this again, making it unique. But in the end it is income that doesn't fit in any of the standard categories and certainly doesn't need its own category.
Take care and stay safe!
FrankxQuicken Home, Business & Rental Property - Windows 10-Home Version
- - - - Quicken User since 1984 - - -
- If you find this reply helpful, please click "Helpful" (below), so others will know! Thank you. -5
Answers
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I'm planning on creating my own category.
Q user since DOS version 5
Now running Quicken Windows Subscription, Home & Business
Retired "Certified Information Systems Auditor" & Bank Audit VP0 -
Hi @Concordman,
I would suggest that you use the category "Other Inc[ome]". It is obviously unlikely that you'll ever receive anything like this again, making it unique. But in the end it is income that doesn't fit in any of the standard categories and certainly doesn't need its own category.
Take care and stay safe!
FrankxQuicken Home, Business & Rental Property - Windows 10-Home Version
- - - - Quicken User since 1984 - - -
- If you find this reply helpful, please click "Helpful" (below), so others will know! Thank you. -5
This discussion has been closed.