donation of real estate

Howell
Howell Member ✭✭
edited October 2018 in Investing (Windows)
How do I handle the donation of a rental property to a charitable remainder unitrust in Quicken Real Property Manager 2015?

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  • NotACPA
    NotACPA Quicken Windows Subscription SuperUser ✭✭✭✭✭
    edited October 2018
    Assuming that you have an account, in Q, for the real estate, just mark it up (within the account) to the value of the donation and then transfer the total value out to a charitable expense category.

    Since you're no longer the owner of the real estate (the unitrust owns it), set up an additional Q data file if you have some need to track the unitrust.

    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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