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Why doesn't more Business Expense categories show up on Tax Summary

Rod F.

I'm working on my income taxes, using the data from my Quicken Classic Business & Personal. There's a category in Quicken called Business Expense. However, when I run the Tax Summary report only one subcategory (Business Maintenance) shows up in the report.

That is wrong. I've created additional subcategories of Business Expense and declared them as being tax related. So, why don't any of those additional subcategories show up in the Tax Summary report?

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duncanjv2

Same problem here. In fact none of my transactions under the Business Expense category show up. Whiskey-Tango-Foxtrot??? Somehow and some point in time Quicken broke reporting. I find it notoriously difficult to trust anymore.

UKR

Are all your business-related income and expense categories

checkmarked as "tax-related line item"
with a Schedule C tax line item
and a Category Group of "Business Expense" (or "Business Income")?

Are all your business-related transactions tagged with your business tag?
If not, is at least one of the businesses in your data file defined as "Default Business"? See https://help.quicken.com/pages/viewpage.action?pageId=3216913

duncanjv2

*** QUICKEN PLEASE LISTEN ***

This is NOT how this software used to work. I have dozens - maybe even a couple of hundred - categories I have created over the years working with Quicken. It used to be sufficient to mark the category as Tax-related and it would show up in Tax-related reports. On the screen where you edit the category, it even says that the specific form is optional. But that's not really true now, is it? Because if you don't enter the form, reports marked with "Tax-related only" don't pick up the related transactions. So it does nothing for you to mark it as Tax-related alone. You must enter the form. Even though I'm not an accountant and I don't necessarily know what form it belongs to. Also, I don't necessarily want my categories to line up with the IRS. I might want my own category names. My accountant does that work for me. Now I have to.

And don't even get me started on having to go edit all the categories to specify which form it belongs to. Even if I did know, it takes forever. I calculated it will probably take me at least 5 hours - possibly more - to relate the categories to a form. Because you can't copy/paste the name. You have to scroll through a list. You can't even type in the name to filter the list.

*** EPIC FAIL, QUICKEN *** I've been a customer since 1992, and I've never been more pissed. YOU NEED TO FIX THIS AND YOU NEED TO FIX IT NOW!

Rod F.

https://community.quicken.com/discussion/comment/20426400#Comment_20426400

Yes, the business related items in Categories I have maked as "tax-related line item".

I did not do the second part, because I didn't know I had to. Where do you do that in Quicken?

jmilbrink

In my case the expenses that don't show up on the P&L Statement reports are Form 1065 deductions. Of course, that form is not one of the choices provided. I agree, this is a big fail.