Condominium fee category Quicken

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communipaw
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Joined: Mon Mar 05, 2007 9:15 am

Condominium fee category Quicken

Post by communipaw » Tue Oct 22, 2013 2:40 pm

In Quicken I've been categorizing my condominium fee expense as Home Repair: Condominium fee.
What quicken expense category do others use?
Utility: Condominum fee?
Just "Condominium fee"?

sscritic
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Re: Condominium fee category Quicken

Post by sscritic » Tue Oct 22, 2013 3:01 pm

I use HOA. I don't know if that is pre-defined or if I defined it myself. I am assuming your "condominium fee" is a result of your membership in an association of condo(home) owners, so HOA should work for you if it suits your fancy.

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OAG
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Re: Condominium fee category Quicken

Post by OAG » Wed Oct 23, 2013 1:07 pm

Home Costs:Condo Fees
OAG=Old Army Guy. Retired CW4 USA (US Army) in 1979.

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grabiner
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Re: Condominium fee category Quicken

Post by grabiner » Thu Oct 24, 2013 9:11 pm

You may need to split the fee between categories; if some of the fee goes towards mortgage or property tax, it may be deductible and should be in the appropriate category so that you make the right entries on your 1040.
David Grabiner

communipaw
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Re: Condominium fee category Quicken

Post by communipaw » Fri Oct 25, 2013 8:56 am

In my case there no longer is a mortgage but since my hot water is included, theoretically I could split that off. I doubt I'd be able to figure out easily what percentage [very very small] of the fee is for hot water.

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