doubtit wrote:<<Make an entry increasing the account by your payment for taxes for 1997 made in 1998 - use the Taxes:fed expense account. When you make the payments in 1998 charge them to the liabilty account>>OK, I've used this, and it works, it makes sense, and I even understand why my first try at this (with a non-liability account) didn't work. I'm still considering whether to distribute the April 15 payments across the earlier year, but that's a different problem.So, onto a related problem - accounting for IRA contributions in Quicken. Again, I'd like to account for the IRA contributions in the tax year they were made _for_, rather than the year they were made _in_. Using an "IRA Liability" account would work for balancing where things are coming _from_ - but how do I then balance where things are going _to_?The best alternative I've thought of thus far is to have an "IRA Liability" account along with an "IRA Precontribute" account, with the contributed amount entered as of 12/31 of the tax year. Then, I pay towards the contributed amount on 4/15 (or whenever) and transfer from the "IRA Precontribute" account to the real account on the same day. This is getting weird, though...The easiest solution would be to just make all IRA contributions in the tax year in question. Since I'm a self-employed consultant with fairly variable income, the likelihood of _that_ solution working is nil.Thanks,scott
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