Looking to add sub accounts for assets (i.e. real estate)
I own a rental property and have made improvements to it. I want to create sub-accounts for each major improvement so I can clearly track the original purchase price and the additional amounts added to the cost basis for calculating long-term capital gains.
example:
Rental #1 - $175,000
Purchase (05-2019) - $100,000
Pool (01-2020) - $25,000
Fourth Bed addition (06-2024) - $50,000
Instead of:
Rental #1 - $100,000
Rental #1 Pool - $25,000
Rental #1 Fourth Bed addition - $50,000
Comments
-
There's no such thing, in Q, as sub-accounts. Look into using Tags.
Q user since February, 1990. DOS Version 4
Now running Quicken Windows Subscription, Business & Personal
Retired "Certified Information Systems Auditor" & Bank Audit VP0 -
Or create an asset account for each property, then add the changes as individual entries.
Have Questions? Help Guide for Quicken for Mac
FAQs: Quicken Mac • Quicken Windows • Quicken Mobile
Add your VOTE to Quicken for Mac Product Ideas
Object to Quicken's business model, using up 25% of your screen? Add your vote here:
Quicken should eliminate the LARGE Ad space when a subscription expires(Now Archived, even with over 350 votes!)
(Canadian user since '92, STILL using QM2007)
0
