setting up real estate assets that are owned in an LLC

I own rental property in an LLC. My share is 50%. Any thoughts on an easy way to set up the Assets/Liabilities in Quicken so it reflects my % ownership??

Comments

  • NotACPA
    NotACPA SuperUser, Windows Beta Beta
    I'd just set up an account as "Other Asset", and adjust the value manually whenever you get info re: the LLC.
    There's no really good way, in Q, to reflect "50% ownership", as Q assumes that all assets, and liabilities, are 100% owned.
    Q user since DOS version 5
    Now running Quicken Windows Subscription, Home & Business
    Retired "Certified Information Systems Auditor" & Bank Audit VP
  • Fish71
    Fish71 Member
    ok, thanks...that's what I was afraid of but was hoping there was an internal setting for % of ownership