[ggcsquicksig] Re: Tax Planning Cheat Sheet
- From: "Irma" <irmbo@xxxxxxxxxxx>
- To: <ggcsquicksig@xxxxxxxxxxxxx>
- Date: Mon, 4 Feb 2013 14:09:10 -0800
Hi Babette,
I'm trying to use the information below that you sent to us on January 10th.
I'm having trouble specifically with item #2. Following those directions
does not show me which items don't have a category. It just shows the
dollar amount for all income and expenses that weren't categorized. I can't
figure out what I may have overlooked. Is there an additional piece to your
directions?
Also, have you officially changed the meeting time to 1:00 pm for the SIG
starting with next week's meeting?
Thanks,
Irma----- Original Message -----
From: <bcbloch@xxxxxxxx>
To: <ggcsquicksig@xxxxxxxxxxxxx>
Sent: Thursday, January 10, 2013 2:25 PM
Subject: [ggcsquicksig] Tax Planning Cheat Sheet
> Here are the highlights of some things we HAVE mentioned about getting
> ready with Quicken for your Tax data.
> 1. Check all your Categories in the Category List to make sure the needed
> ones are marked as Tax Related and that their tax definitions are correct
> re the form and line item to which they related. e.g. interest and
> dividends should relate to Sched B, Interest Income.
> NOTE: You may have a Category set up for Inc-Int and/or Inc-Div.
> These report from BANK accounts, such as checking, savings, CD's, etc.
> Investment account Divs and Int show up on a list at the bottom of the
> Categories in plain text, with an underline (_+) before the text. e.g.:
> "_DivInc" or " _IntInc"
> You have to select both these Categories if you
> create a Category Report for Income and Dividends.
>
> 2. Run a Category Report ONLY for "Uncategorized". (Customize the
> report, set the date for "Last Year", and select "Uncategorized" as the
> only category for Quicken to include in the report.
> This will show you any items you entered without adding a
> category. You can click on each one and correct it.
> This WILL NOT tell you about any transactions that you
> categorized incorrectly!
>
> 3. Check any transactions that should occur monthly or weekly by clicking
> on the short report icon on such a transaction, then customize it for
> Last Year, and see if all 12 or 52 entries are there.
>
> There are several ways you can make and create reports for Tax data.
> REMEMBER TO SET THE DATE FOR LAST YEAR
> Look at the Report Center and try each of the Tax related reports
> and see what you get. SAVE any that fit your needs and look accurate
> Run Category Reports, selecting the categories that are tax
> related, and see what you get
>
> Look at any report you run before printing it, to see if it looks like
> all the items are OK. Remember, Summary reports do NOT show the
> individual transactions that are used for the totals shown. A Category
> Report will come up with a little Plus Sign (+) sign to its
> left...clicking on the plus sign will open up all the individual items
> included in the Category total.
>
> Some people run a report on ALL Categories for the year and then eyeball
> it on the monitor to spot errors. You'll have a huge number of
> transactions and pages, so don't print until you examine it and decide
> you really want to print.
>
> Bring your reports to the next Quicken Meeting and we'll discuss how it
> went and any problems you had. During the month, you can ask us here if
> you run into snags.
>
> Babette
>
> GGCSQUICKSIG is the Email list for members of the Golden Gate Computer
> Society's Quicken Special Interest Group.
>
> TO SEND A MESSAGE TO SIGLEADER BABETTE BLOCH "OFFLIST" -
> Email to: ggcsquicksig@xxxxxxxxxxx
>
> TO UNSUBSCRIBE: Send an Email Message to:
> ggcsquicksig-request@xxxxxxxxxxxxx
> In the "Subject": line, type "unsubscribe" (without the quotes).
>
>
>
>
>
>
GGCSQUICKSIG is the Email list for members of the Golden Gate Computer
Society's Quicken Special Interest Group.
TO SEND A MESSAGE TO SIGLEADER BABETTE BLOCH "OFFLIST" -
Email to: ggcsquicksig@xxxxxxxxxxx
TO UNSUBSCRIBE: Send an Email Message to: ggcsquicksig-request@xxxxxxxxxxxxx
In the "Subject": line, type "unsubscribe" (without the quotes).
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