Distributing to specific categories.

1958usmc

I receive two pensions and the form that Quicken provides does not distribute the individual amounts e.g., taxes, deductions, etc. to the proper categories for year end reports. For example. SS, the total amount is not what should be recorded as income, only the "W2 Gross amount."

Chris_QPW

1958usmc said:

In order to do that I would not be able to use the form Quicken provides for paychecks.

Pensions and social security for that matter aren't paychecks.  One can try to cram them into the paycheck reminder, but it is easier just to use a split transaction.

NotACPA

Try splitting that deposit to reflect the categories as you need them.

Total Amount would be a positive number, with negative numbers for the other lines to bring the net amount down to what's actually received.

1958usmc

In order to do that I would not be able to use the form Quicken provides for paychecks.

Chris_QPW

1958usmc said:

In order to do that I would not be able to use the form Quicken provides for paychecks.

Pensions and social security for that matter aren't paychecks.  One can try to cram them into the paycheck reminder, but it is easier just to use a split transaction.

1958usmc

Ok, thanks Chris, I will not use the Paycheck form.