How do I reflect that I sold my second house in Quicken?

Duane K.
Duane K. Quicken Windows Subscription Member ✭✭
in Registers & Transactions (Windows)
I just sold the house and all I want to do is enter in a transaction which states I no long have it (for net worth calcs) and credits my bank with the proceeds. I don't really care about the gain, taxes, etc. Want to keep it really simple. Just having trouble finding anything on this on You-tube or the web in general.

Thanks - Duane

PS - on Quicken Deluxe, R32.12

Best Answer

  • Sherlock
    Sherlock Quicken Windows Subscription Member ✭✭✭✭
    edited May 2021 Answer ✓
    In it's simplest form, you should enter a deposit in the account register that receives the funds.  If you've been tracking the value of the house as an asset and/or paid off a mortgage, these should have their balances set to zero.

Answers

  • Sherlock
    Sherlock Quicken Windows Subscription Member ✭✭✭✭
    edited May 2021 Answer ✓
    In it's simplest form, you should enter a deposit in the account register that receives the funds.  If you've been tracking the value of the house as an asset and/or paid off a mortgage, these should have their balances set to zero.
  • Duane K.
    Duane K. Quicken Windows Subscription Member ✭✭
    Perfect -thanks you! :)

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