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answers3
Level 1

What is the category of income from the sale of a home

The home was sold for the same price it was purchased for and i am not reinvesting
2 Comments 2
SarahannC
Moderator

What is the category of income from the sale of a home

Hello there, answers3.

 

In QuickBooks Self-Employed, there's only one category for income. You can categorize this under Business Income. Here's how:

 

  1. Go to the Transaction menu and select Add Transaction.
  2. Enter the amount and a brief description.
  3. Browse the Select a category menu and choose the best option to organize your transaction.
  4. Then, Save.

If this is a deposited transaction, you can automatically select Income once you click the Business option. Here's the sample screenshot:

 

 

 I've got an article about categorizing transactions in QBSE: Schedule C And Expense Categories.

 

You can always go back here and add another post below if you have other questions. Take care always.

SarahannC
Moderator

What is the category of income from the sale of a home

Hi answers3,


Hope you’re doing great. I wanted to see how everything is going about categorizing for income. Was it resolved? Do you need any additional help or clarification? If you do, just let me know. I’d be happy to help you at anytime.


Looking forward to your reply. Have a pleasant day ahead!

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