How does Quicken translate investment transactions into Income and expense?

Joseph Kasko

Can you catagorize investment income, expense and tax transactions for budgets.

Frankx

HI @Joseph Kasko,

I assume that you are trying to put together a budget in Quicken.  If that is the case and you want to know if you should budget for investment income, investment expense and taxes, the answer is yes.  The reason is that these items, although not as reliably predicted, as most income and expense categories, should still be part of you overall budget.

I would suggest that for investment income, you consider whether you'll be receiving dividend income or interest on investments and estimate how much of each you are likely to receive - and budget for that income.  Similarly, you should also budget for taxes, including income taxes, that you will be required to pay.  You should start with the amount of total taxes (federal and state) you paid last year and then estimate amounts for the new year to be similar to last year's payments.

Let me know if you have any followup questions.

Frankx

Frankx

HI @Joseph Kasko,

I assume that you are trying to put together a budget in Quicken.  If that is the case and you want to know if you should budget for investment income, investment expense and taxes, the answer is yes.  The reason is that these items, although not as reliably predicted, as most income and expense categories, should still be part of you overall budget.

I would suggest that for investment income, you consider whether you'll be receiving dividend income or interest on investments and estimate how much of each you are likely to receive - and budget for that income.  Similarly, you should also budget for taxes, including income taxes, that you will be required to pay.  You should start with the amount of total taxes (federal and state) you paid last year and then estimate amounts for the new year to be similar to last year's payments.

Let me know if you have any followup questions.

Frankx