Q:

Dear Kerry,

I am now using Quicken for the first time. Is there a way that Quicken can be used to automatically track tax deductible expenses as they are made from my bank account? i.e. can you assign a payee to a ‘category’ (like capital improvements) and then program Quicken to automatically assign all the entries for the designated  ‘payee’ in your check register to the previously designated  ‘category’?  If this is a possibility, and you have any helpful information that can be used to program the system I will be glad to reimburse you for any time you spend discussing the matter with me.

Sincerely,

 A:

I don’t think you can have the program automatically categorize entries that have already been input into the file.  However, with new entries, these will be automatically assigned the proper categories if you have the box checked under “Register Options” that says “Complete Fields Using Previous Entries.”  After you manually make one entry to a payee and assign the appropriate category, all future entries to that same payee will go to the same category.

I hope this helps.

Good luck.

Kerry Kerstetter

Follow-Up

 Kerry –

 Thank you so much. This is extremely helpful.

 I have had almost no success getting useful answers about obvious questions from any of the Quicken support staff.

Take care. 

 

 

Mallard Fillmore reminds us how impossible it is to remove a tax, even more than 100 years after its alleged purpose has disappeared, as well as how much DemonRats hate removing or reducing any taxes.

More on this from Americans For Tax Reform

Gail Delivers the Skinny on ‘SCINS’ – Good look at estate taxes by Gal Buckner, including the tactic of parents selling appreciated property to their kids with self cancelling installment notes, a strategy I have advised for a very long time.

Panel suggests repealing alternative minimum tax 

What is more telling about the mentality of our rulers is this sub-head:

Still at issue: How to recoup lost revenue

As I’ve long explained, the words fairness and taxes cannot be in the same sentence with any credibility.  When it comes to money for our rulers to confiscate from the people, fairness is an entirely inappropriate concept.  Just because the AMT has evolved into an insane, unfair, immoral, unethical, convoluted mess is not reason enough to eliminate it, as long as it is still producing dollars for our rulers to spend.  If our rulers had any concept of decency, travesties like the AMT would be removed without regard for the money involved.