How do you track "capital contributions" in Quicken Business and Rental Property?

One_Stop_Shop
One_Stop_Shop Quicken Windows Other Member
edited February 2023 in Business and Rental Property Tools (Windows)
We contribute capital into our LLC monthly and use that capital for payment toward principle and repairs. How do we input this "Capital Contribution" in Quicken Business and Rental Property

Answers

  • NotACPA
    NotACPA Quicken Windows Subscription SuperUser ✭✭✭✭✭
    Do you have that LLC setup in Q?  If so, why doesn't a simple transfer into that LLC account work for you?
    BTW, there's no such thing in Q as a "Capital Contribution" since you and the LLC are considered, in Q, to be the same tax entity. 
    All that you're doing is moving money from your personal pocket to your LLC pocket.
    You might look at the tax attributes for the LLC to see if anything there works for recognizing the transfer

    Q user since February, 1990. DOS Version 4
    Now running Quicken Windows Subscription, Business & Personal
    Retired "Certified Information Systems Auditor" & Bank Audit VP

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