I am using Quicken Revision 2010. When we were having our tax preparer complete our 2011 Federal Income Tax last spring, the question came up, how much did we purchase "on-line", i.e., not in a SC store. As of 2011 SC put a new law on the books that SC tax filees have to report "on-line" purchases and then add what would be the "Sales Tax" due from those purchases as a liability to be added and paid if it isn't reduced by deductions.Is there any way I could flag such purchases, most of which are made with a credit card, and be able to obtain a printout with at least the dollar amount, and if possible, the name of the payor? A totaled amount would also be nice but I can live w/o that by using Excel to obtain the total.That for any and all help.
Create a "Tag" named "On-line Purchases". Every time you buy something on-line, assign this tag to it (like assigning a category to the purchase). Then at the end of the year run a report that displays (and totals) all entries carrying that tag.
I commend your honesty. I'll bet most people will say nothing and ignore the new law. Happens that way in my state.Some online purchases should be easy to track. Everything purchased from Amazon, for example. Others might be a mix. You could be buying both online and in the store from places like Wal-Mart or JC Penney.
Hi, June Bug. By the way, that's the name of my precious little dog (part Shi Tzu and part terrier). This has been a law in SC for at least 4 years. When I was preparing taxes for J-H (stopped 3 years ago), that question was on our program.Donna
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