Expenditure does not seem to go into correct catagory

Hello,

I recently financed 3600.00 for dental work. The method of finace is a
credit card valued at the total amout financed, payable over a year (0% for
the first year) . I wanted to assign the total amout to "health care:
dental" so it will show up on my tax form. (schedule A ?) in 2006.

First I setup a credit card account with 0 balance. Then I charged 3600.00
to the account, using Healthcare:dentist as the catagory. Afterwards I use
the speacial catagory "Transfer : Checking" to pay the monthly amount.

I see that the 3600.00 listed in the catagory "Healthcare: dentist" but if I
run an estimated tax report I see the total amout listed in the Previous
Year 2005 health care section and not in "Current Tax Year 2006" health care
section.

Q: Have I set this up correctly?

Thanks for you help,
Bruce

p.s The date for the total charged (3600.00) is Jan 4 2006

Chris
Sun Feb 12 21:53:25 CST 2006

"Justin Thyme" <jit@aol.com> wrote in message
news:O2KnGIDMGHA.4052@TK2MSFTNGP15.phx.gbl...
> Hello,
>
> I recently financed 3600.00 for dental work. The method of finace is a
> credit card valued at the total amout financed, payable over a year (0%
> for the first year) . I wanted to assign the total amout to "health care:
> dental" so it will show up on my tax form. (schedule A ?) in 2006.
>
> First I setup a credit card account with 0 balance. Then I charged 3600.00
> to the account, using Healthcare:dentist as the catagory. Afterwards I use
> the speacial catagory "Transfer : Checking" to pay the monthly amount.
>
> I see that the 3600.00 listed in the catagory "Healthcare: dentist" but if
> I run an estimated tax report I see the total amout listed in the Previous
> Year 2005 health care section and not in "Current Tax Year 2006" health
> care section.
>
> Q: Have I set this up correctly?
>
> Thanks for you help,
> Bruce
>
> p.s The date for the total charged (3600.00) is Jan 4 2006

Go to the Healthcare: Dentist category, right-click the transaction in the
list, select applicable tax year.
--
Chris Cowles
Gainesville, FL

Justin
Sun Feb 12 22:39:35 CST 2006

Thanks,


"Chris Cowles" <spam_magnet@remove-me-bellsouth.net> wrote in message
news:%235BvMEFMGHA.2416@TK2MSFTNGP15.phx.gbl...
> "Justin Thyme" <jit@aol.com> wrote in message
> news:O2KnGIDMGHA.4052@TK2MSFTNGP15.phx.gbl...
>> Hello,
>>
>> I recently financed 3600.00 for dental work. The method of finace is a
>> credit card valued at the total amout financed, payable over a year (0%
>> for the first year) . I wanted to assign the total amout to "health care:
>> dental" so it will show up on my tax form. (schedule A ?) in 2006.
>>
>> First I setup a credit card account with 0 balance. Then I charged
>> 3600.00 to the account, using Healthcare:dentist as the catagory.
>> Afterwards I use the speacial catagory "Transfer : Checking" to pay the
>> monthly amount.
>>
>> I see that the 3600.00 listed in the catagory "Healthcare: dentist" but
>> if I run an estimated tax report I see the total amout listed in the
>> Previous Year 2005 health care section and not in "Current Tax Year 2006"
>> health care section.
>>
>> Q: Have I set this up correctly?
>>
>> Thanks for you help,
>> Bruce
>>
>> p.s The date for the total charged (3600.00) is Jan 4 2006
>
> Go to the Healthcare: Dentist category, right-click the transaction in the
> list, select applicable tax year.
> --
> Chris Cowles
> Gainesville, FL
>
>
>