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Change the Interest category for a loan payment

I have 4 loans in Quicken (2014) right now, two of which are paid off. The active loans are an auto loan and my current mortgage.

When an payment is made for the auto loan, it get split as

Payment to Chase Bank $total

[Chase Bank Auto Loan] $principal Interest Exp:Auto $interest

My Home Loan was similar, i.e.,

Payment to Credit Union $total [Mortgage] $principal Interest Exp:Mortgage $interest [Escrow] $escrow

The loan payments started 5/1/13, but something happened on 2/1/14, and the interest and escrow payment changed to category 'Loan Payment:Interest,' and 'Loan Payment:Escrow,' respectively. I had noticed this before and thought "WTF? Gotta fix that!" Well it turns out I CAN'T CHANGE the principal or interest categories! I can change escrow back to the account transfer I had before, but the other two are read-only.

I've been a quicken user for at least 10 years and either never needed to do this (unlikely) or something's changed. Help!

FWIW I was able to change the category/account names in all existing loan payments to what I wanted, and then delete the whole 'Loan Payment' supercategory, but now the interest category is blank. I can change it when I enter a loan payment, but not when I try to edit the reminder.

I'm stumped. Sorry this message is so long. I hope it makes sense.

Reply to
Jim Nugent
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executes one.

Yep, that was a "gift" from Intuit that came, I believe, in Q2013. I belie ve it's related to downloading transactions through the loan account (vs. d ownloading from the checking account side & letting those feed the loan acc ounts).

You can't proactively control the memorized transaction. The best you can do is edit the transactions after they're created. Within the transaction splits window, you can change the interest back to whatever you want. Howe ver, it "might" be possible to get the memorized transaction back to what y ou want, YMMV:

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A Google search on "Quicken loan interest category" should return several I ntuit Community posts on their "enhancement". The one below appears to hav e been answered by an Intuit employee & acknowledges that it's an issue, bu t promises nothing about when they'll fix it. I doubt the workaround in my first link is a true fix, it's probably something the poster found by acci dent.

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Reply to
bartt.shelton

The first link (I believe) did eventually point me to the problem, automatically downloading vs. manual loans, and gives an FAQ answer with a list of steps for converting 'tween them. My poor brain is too fried to try today but I will do so tomorrow.

Reply to
Jim Nugent

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