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setting up real estate assets that are owned in an LLC

Fish71

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??

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NotACPA

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.

Fish71

ok, thanks...that's what I was afraid of but was hoping there was an internal setting for % of ownership

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