Would someone please help me with a missing transaction on Itemized Categories Report ?

Graham106

I purchased a house for 100 and sold it to my Company for 105. The Company then traded the house plus cash for some land. I recorded the transactions in Quicken as follows:

Purchase of house (Account 'House') Category Transfer from Bank (Increase )100; Cost of purchase -Category Transfer from Bank (Increase) 1; -Category Cost of Sales (Decrease) 101

Purchase of Land (Account 'Land') -Category Sale of House (Increase) 105; Transfer from Bank (Decrease) 100

The entries in the Land Account are correctly recorded and the balance shows the purchase price of 205.

But when I run the Itemized Categories Report it shows the following:

Sales 105
Cost of sales 101

Transfers
Bank -100
Land 0

i.e. everything seems to be OK except that the trade-in value of the house is not included in the Land Account in the report, even though it is in the Quicken Land Account.

Please let me know what I am doing wrong.

Quicken_Tyka

Hello @Graham106

Thank you for taking the time to visit the Community to report this issue, although I apologize that you haven't received a response.

I have a few questions to better help me understand what could be happening.

First, please navigate to Help > About Quicken and provide the version you are currently running.

Also, can you please clarify if you are using linked transfers on these transactions or if you are using a category labeled transfer?

A linked transfer will show [account name] in the category with brackets.

Also, it may be helpful to provide screenshots of the report and missing amounts.

https://community.quicken.com/discussion/7867159/faq-how-do-i-post-a-screenshot-in-the-community-from-windows

The more information you can provide regarding this issue will help the Community to better understand and assist.

Thank you,

-Quicken Tyka

Graham106

Hello Tyka,
Thank you so much for your response.
I am using Quicken 2016 Home and Business Version R19.5.
I think I must be using linked transfers. I go into Categories and select Transfers from a drop down menu and the Categories appear in brackets.
Please see the attached screenshots:
I should explain that when I asked the original question, I tried to simplify the transaction. In fact, the trade-in included the house plus a garage and some land as you will see from the screenshots.
As you will see, the trade-in value of the house and land (and garage) does not appear in the cost of the Land at Salir.
Please help!

Quicken_Natalie

Hello @Graham106,

Thank you for providing this additional information and the screenshots, although I apologize that you have not yet received a follow-up response.

Unfortunately, you are running an unsupported version of Quicken, however, the Community is a great place to post where other Users may come along with some feedback and/or advice to offer.

Alternatively, if and when you are ready to upgrade to a current release of Quicken, our Support Teams would be happy to assist with the upgrade process, as well as working through this issue with you.

Thank you,

Quicken Natalie