How do I categorize Third Party Funding fees? and which Item do I attribute it to?

Are fees for Third Party Funding tax deductible and where do I categorize them?
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Best Answer

  • Quicken Francisco
    Quicken Francisco Moderator mod
    Accepted Answer

    Hello @mcastro

    Thank you for reaching out on the community and telling us about your issue. While I'm not sure about the taxability of the deductible as far as categorization you could put it under your own category that way if you do find out it's taxable you can quickly adjust it when you're able to find out more. If you'd like to find out more about categories I'll leave a link down below.

    https://www.quicken.com/support/how-manage-category-or-subcategory-quicken

    Thanks,

    Quicken Francisco


Answers

  • Quicken Francisco
    Quicken Francisco Moderator mod
    Accepted Answer

    Hello @mcastro

    Thank you for reaching out on the community and telling us about your issue. While I'm not sure about the taxability of the deductible as far as categorization you could put it under your own category that way if you do find out it's taxable you can quickly adjust it when you're able to find out more. If you'd like to find out more about categories I'll leave a link down below.

    https://www.quicken.com/support/how-manage-category-or-subcategory-quicken

    Thanks,

    Quicken Francisco


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