How do I input Withhold Tax?

MyronD
MyronD Member ✭✭
edited April 2022 in Budgeting and Planning Tools (Windows)
When I get dividends and also receive rent how do I input the Withhold Tax held?
Thanks

Best Answer

  • NotACPA
    NotACPA SuperUser ✭✭✭✭✭
    Answer ✓
    Dividends are recorded in your Investment account and MIGHT be transferred to your checking account.
    Rent is recorded in your Rental account and MIGHT be transferred to your checking account.
    How do you pay any withheld tax?  If from  your checking account, you create a "Taxes Withheld" category and record the payment using that category.
    Q user since DOS version 5
    Now running Quicken Windows Subscription, Home & Business
    Retired "Certified Information Systems Auditor" & Bank Audit VP

Answers

  • NotACPA
    NotACPA SuperUser ✭✭✭✭✭
    Answer ✓
    Dividends are recorded in your Investment account and MIGHT be transferred to your checking account.
    Rent is recorded in your Rental account and MIGHT be transferred to your checking account.
    How do you pay any withheld tax?  If from  your checking account, you create a "Taxes Withheld" category and record the payment using that category.
    Q user since DOS version 5
    Now running Quicken Windows Subscription, Home & Business
    Retired "Certified Information Systems Auditor" & Bank Audit VP
  • MyronD
    MyronD Member ✭✭
    Thanks.
This discussion has been closed.

Categories