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Known Report Problems??

Mark Shafton

Just started running year end reports and the tax summary is incomplete. It is missing 2 of 4 quarterly state payments which are correctly listed and categorized in my register. It is also missing a federal tax pay again correctly listed and categorized. Is this a known issue? Are others having this issue? Quicken classic on window 11 all updates for windows and quicken installed. Thanks in advance!

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Mark Shafton

In all of these tests, I accidentally set 1/1/24 to 12/31/25. Since I reset the file every year, there are no 2024 transactions it my current file. HOWEVER, It DID properly report all of my 2025 transactions, so I can work with that but, there still seems to be a bug in reporting. FYI I also tried the predefined quicken tax report and it had the same errors when the 2025 dates were selected. Thanks everyone!

All comments

NotACPA

In your register, double-check the category used for the transactions and the tax line(s) assigned to that category.

Because for Q to properly report 2, and not the other 2, points to a data-entry error more than anything, although it COULD be data file corruption also.

Mark Shafton

All transactions identical and categorized as tax using quicken pre defined state and federal tax categories. Categories all have the correct tax line identification. Validate reports file clean with no corruption detected. Thanks for the suggestions.

q_lurker

I'd delete and re-enter the transactions missing from the report(s).

Anything common about the missing transactions vs included transactions? Account used for the payments, dates, Payees.

If you enter a new duplicate transaction, does it get missed or picked up?

Is this a saved report? If you recreate the report from scratch, do they get included?

Mark Shafton

This was a saved report and I deleted it and recreated but had the same issue. Everything about the 4 transactions is identical

Mark Shafton

Sorry it got cut off…identical except the dates , 4 quartely payments to the state. The last 2 show up and the first 2 do not. The stand alone federal payment does not show up. Not sure how to delete and recreate online payments without creating more issues. New transactions do appear, the problems seem to be in the first 6 months of 2025.

Jim_Harman

I assume you have checked the date range of the report to make sure it covers all of 2025?

Mark Shafton

Yes :-) I have been using this for 20+ years. First time I ever had a problem with tax reporting

Mark Shafton

Q97

A shot in the dark, but could the “missing” payments be getting attributed to the prior year (2024)? Do they show up in the report for 2024?

Mark Shafton

No real way to test it as the years are in separate files. I keep each year in a file.

NotACPA

But, in your current file, you can request a 2024 tax report … which is what @Q97 suggested.

Mark Shafton

I did not understand but do now and tested. If I select 1/1 to 12/31/24 only investment transactions appear. None of the payments show up. Thanks for clarifying.

bmbass

@Mark Shafton

Could you check to see if the missing items were part of a SPLIT transaction? And if so, were these missing items not the FIRST entry in the SPLIT?

There is a bug in the Reports software where non-first SPLIT transactions are not shown, and I don't think it has ever been fixed.

Mark Shafton

Thanks for that info. They are not splits. Simple payment transactions.

Jim_Harman

I can't explain your state tax issues, but was the Federal tax payment that is missing an estimated tax payment that was paid early in the year?

In that case, Quicken automatically and correctly assigns payments with a Tax line item of "Form 1040:Federal estimated tax, qtrly" to the previous tax year. The payment is due Jan. 15; I am not sure what Quicken's cutoff date is.

Mark Shafton

No, the fed payment was just a paymen on balance due. The state tax payments were all estimated payments made quarterly.

Jim_Harman

A payment of Federal tax due for the previous year is not a taxable event. Whatever Category you use for that should not have a Tax line item. It is not deductible and does not count towards this year's tax liability. Likewise, a Federal tax refund refund is not taxable income.

Therefore it should not appear in the Tax Planner or in the Tax reports.

State and local taxes are a different story; they are deductible on Federal Schedule A in the year they are paid.

Mark Shafton

Ok thanks

LLV

https://community.quicken.com/discussion/comment/20530024#Comment_20530024

Just So I understand this correctly. I can see what you are saying but when I pay my 4 estimated taxes the one paid Jan 15 , 2026 is for the 2025 year. So what would you do to get that to be included in the 2025 report.

Jim_Harman

@LLV If you have used a Category with the correct Tax Line Item for your estimated taxes, Quicken automatically credits the payment due Jan 15 to the previous tax year.

There is no built-in Category for estimated tax payments, you must create your own and give it the tax line item "Form1040:Federal estimated tax, qtrly"

LLV

Thank you.