Quicken 2002, XG, 2004

How do I determine how much interest has been paid on a loan since the beginning of the year?

Background: For tax purposes, you can create an Itemized Categories report to see how much interest you have paid on a loan since the beginning of the year.

Solution:

To create an Itemized Categories report:

From the Quicken Reports menu, choose Cash Flow, and then choose Itemized Categories.

From the Date Range drop-down list, confirm that the date range is Year to date. This report will contain all of your figures under the Interest Exp category.

To narrow the report further:

Within the Itemized Categories window, click the Customize button.

Click the Accounts tab.

Click the Clear All button.

In the Account section, select the account from which you make loan payments. A checkmark will appear beside the account name.

Click the Categories tab.

Click the Clear All button.

In the Select Categories section, scroll until you see the Interest Exp category, and then click the checkbox to select it. If you use a different category for your loan interest payments, such as Mortgage Int, select that category instead.

Click OK. The total for Interest Exp shows you how much interest you have paid so far this year.