Amortization of property sold
I have a property management and sometimes i sell my properties and I finance. Is QB online or desktop have an amortization feature?
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3 Replies
Gita_Faust
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09/26/09 2:00pm PDT
Unless you know the tax laws, I would ask your accountant to guide you.
Gita Faust
Advanced Certified QuickBooks ProAdvisor®
Enterprise Suite Certified | Point-of-Sale/Retail Solutions Certified
Member of Intuit Trainer/Writer Network
Author of "Accounting for Real Estate Agents" | "Manage Community Associations with QuickBooks" for Condo & HOA | "Manage Properties with QuickBooks" for property owners | "Manage Properties with QuickBooks" for property managers
Author of books "Manage Properties with QuickBooks" series
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09/27/09 8:01pm PDT
Thanks for taking the time to answer. I do not need help in the laws for my state. I am inquiring about the actual usage of Quickbooks online to amortize the properties I sell. or rather the loans I make on these properties/
11/21/09 3:10pm PST
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QB Online does not have a feature where you can track it automaticaly. You will have to do a separate schedule and then input the journal entries manually.
