What tax category should the COVID-19 Stimulus Check go under?

TXShooter · April 2020

I know it's not taxable, but still, what tax category should the $1200 (single) $2400 (married) stimulus checks be categorized as so it doesn't much up the works when exporting to TurboTax?

Sherlock · April 2020

TXShooter said:

@Sherlock,
So you don't assign it a Tax-Related Category?

Correct. I just use a simple income category to track income that is tax free - no tax line item required.

Sherlock · April 2020

I would use the Tax Free Income income category I created years ago for other tax free income we've recieved over the years. If you haven't created a category before, you may want to review: https://www.quicken.com/support/how-do-i-create-new-category-or-subcategory

Sherlock · April 2020

TXShooter said:

@Sherlock,
So you don't assign it a Tax-Related Category?

Correct. I just use a simple income category to track income that is tax free - no tax line item required.

What tax category should the COVID-19 Stimulus Check go under?

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