Tracking 529 Plan Accounts

'You can use the Roth IRA account type to track a 529 Plan, but Quicken will not track tax implications.'

Also, if you do a search of this forum for '529' you will turn up numerous threads on this.

Bottom line, QW can not handle all aspects of a 529, particularly tax implications, as regulations vary widely from state to state.

It's the money contributed by my credit card that I am trying to account for. I don't want to show it as income because then I would have miscellaneous income on my income taxes. I don't want to reduce any of my expenses because I can't purchase any of these items without paying the full price. I was thinking that it might be more of a purchase discount type of expense account but I'm not sure. I was hoping there may be some good suggestions from the group.

I did not read your original post carefully enough.

An example of one way you might handle this - assume CC Co contributes

Create a category, e.g., 'Income:CC 529 Contribution' w/ no tax attribute assigned. Enter a CC payment transaction; $100 transfer to CC Acct. Add split entries; +$1 categorized to 'CC 529 Contribution' and -$1 transferred to '529 Acct'. Your CC is paid in full and the two $1 transactions offset.

The 'Income' will not be reported as taxable income in QW without a tax line assignment.

Not elegant but one way to get you there, I think!