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I tried to add category in my business level. How can you do this.

Imarealtor

Hi,

I'm a realtor and I want to add a category in my business income. Every time I add a category, it goes in the personal group. I need to be in my business group. Please help. I went list category>manage>?

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Accepted answers

NotACPA

Whether any category and it's sub-cats are personal or business is determined by the TAX LINE assigned to that category.

No tax line = "Personal"

Imarealtor

I want to add, Listing Commission and Buying Commission

volvogirl

OK here's a screen shot for Business Income. I guess you would select Other Business Income. It doesn't matter, only the Total income goes to schedule C.

NotACPA

There are no specific tax lines for your 2 types of commission. You need to create 2 categories, and then add to each the tax line that corresponds to where you report such on your IRS 1040 ... which are probably on the same IRS 1040 line.

It's in the reports (customized to include those 2 categories) that you can see what you've included for each category.

All comments

NotACPA

Whether any category and it's sub-cats are personal or business is determined by the TAX LINE assigned to that category.

No tax line = "Personal"

volvogirl

For an income or expense category to show up under Business you have to assign it a Schedule C tax line number. Go into Edit Category and assign it one.

Imarealtor

I want to add, Listing Commission and Buying Commission

Frankx

Hi @QuickRealtor,

Here are the steps:

1) Go to: "Tools" > "Category List" and find the category that you've already setup using the search function;
2) Click on the Category Name > click on the circle with the arrow in the "Action" column > then click "Edit";
3) In the pop-up window, click on the "Tax Reporting" Tab;
4) Click the "Tax related category" box > in the "Tax line item for this category" drop-down list - page down to the "Schedule C" section and pick an expense type description that matches the type of expense you have (if you can't find something similar, just pick "Schedule C:Unspecified Business Expense") and click "Save".

That should do it. Let me know if you have any followup questions.

Frankx

NotACPA

Actually, I believe that the commissions that the OP cites are INCOME, not expenses ... but, in general, the advice still applies.

Imarealtor

I want to add Listing Commission in the Business Income

volvogirl

OK here's a screen shot for Business Income. I guess you would select Other Business Income. It doesn't matter, only the Total income goes to schedule C.

Imarealtor

I did this.. when I finish, it does not appear in the business income.

Imarealtor

Step by step: I click on Business Income>in the window, you will see Consulting Income, Other Income, and Sales.>I click new Category>Small window box appears>Details and Tax Reporting> Before I add anything in Tax Reporting, I have to add a Category> I add Listing Commission>I click on Tax Reporting and I enter- check the box-Tax related>Check the box-Standard line item list>then click on schedule c:gross and receipt.

When I close out, it does not appear in my category under Business Income

Imarealtor

I have to divide my category to know where my money is coming from. As a realtor, I make money selling and buying homes. This is very important to know where my money is coming from.

volvogirl

Where? On a report? You have to customize the report and add the new category.

Imarealtor

I want to be able to add in my business income: Listing Commission or Buyer Commission. When I pull a report monthly, I want to see where is my commission coming.

Imarealtor

can I email you a screenshot?. My email is [email removed for your safety/privacy]

NotACPA

Imarealtor said:

can I email you a screenshot?. My email is [email removed for your safety/privacy]

With their assistance, you can email a screenshot to Q Support.

You can't email a screenshot to another user.

When you get a few more points, you can post a screenshot here.

BUT, why does @volvogirl's suggestion of an hour ago not work for you?

Imarealtor

BUT, why does @volvogirl's suggestion of an hour ago not work for you?

I tried and it won't add the category under "Business Income"

NotACPA

Imarealtor said:

BUT, why does @volvogirl's suggestion of an hour ago not work for you?

I tried and it won't add the category under "Business Income"

It won't add ANY category under "Business Income" unless you assign an appropriate BUSINESS tax line to that category.

The category (with or without the appropriate tax line) won't appear on ANY report unless you customize the report to include that category and then save the report with a name that's meaningful to you.

Where else are you expecting to see this "Business Income"? And what specific report are you looking at?

Imarealtor

I can edit but I cant add a new category under Business Income.

NotACPA

AGAIN, create a category and add an appropriate BUSINESS tax line.

Several people have described in detail how to do that.

Why don't you describe, step-by-step, what you're doing ... with both the expected and actual results at each step.

NotACPA

It's in the reports (customized to include those 2 categories) that you can see what you've included for each category.

Imarealtor

I did it... Thank you!!!!!!!!!!!!! Im sorry!

Imarealtor

Thank you for all support here!