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March 9, 2024
Question

I'm splitting my mortgage for my business in the Mortgage (home office) category, but it's not logging and being reflected on the expenses amount.

  • March 9, 2024
  • 1 reply
  • 8 views
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1 reply

March 10, 2024

Hello there, Victor. Let me share some details about splitting transactions in QuickBooks Self-Employed (QBSE).

 

When assigning or splitting a transaction to the Mortgage home office category in QBSE, it will not reflect in your Profit & Loss and Tax Summary/Detail reports. To learn how Schedule C categories appear on reports, you can read this article: Schedule C and expense categories in QuickBooks Solopreneur and QBSE.

 

If you need to reflect those amounts as business expense, you'll have to choose other category. To ensure accuracy and compliance, I recommend consulting an accounting professional.

 

I'll keep an eye out for your reply. And if you have any other QBSE-related concerns, feel free to include them in the comments. We're here to assist you 24/7. Have a great day!