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Miscellaneous Expense issue

I am using Quicken 2005 Canadian edition. For my stocks, I created 2 accounts (1 CAD and 1 USD - as per a reply to another post of mine).

Additionally, as per another reply to one of my postings, I am entering the "foreign withholding tax" under Miscellaneous Expense. This works out pretty good except in the case where there is an adjustment that is made to my statement. The Miscellaneous Expense marks the amount negative. I need to enter a positive amount for the Misc. Expense. How do I enter a positive amount in Quicken?

Thanks

Reply to
patricksabourin
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Quicken likes to put in the sign itself. A negative expense is income, so post this as Income, Miscellaneous, and use the same category.

Reply to
Fred Smith

Will need some clarification before answering your question.

The foreign tax, under Misc Exp should be a negative number. It is an expense and should reduce your cash balance in the account.

You refer an 'adjustment'. Is this an adjustment by your broker to the foreign tax [reducing it] or is it an adjustment for something else?

Reply to
JM

The 'adjustment' is made by the broker to the foreign tax. They are reducing the tax amount.

Thanks

Reply to
patricksabourin

Have at least three choices that come to mind:

1) Enter a another Miscellaneous Expense transaction with the amount of the adjustment as a negative number, assign same category as original transaction.

2) Enter an Income transaction for the amount of the adjustment - use the Miscellaneous box and assign same category as original.

3) Edit the original transaction to show the correct net amount of the tax.

Any one of these will get you there.

Reply to
JM

I did this: Income, Miscellaneous, and use the same category and it worked very well.

Thanks for the tip

Reply to
patricksabourin

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