Why should I do this?
To do this task
Go to the Lists menu and click Chart of Accounts.
Select the account.
Click Account at the bottom of the list and click Edit Account.
Click the Tax Line drop-down list and choose the tax line. More ...
If the account is not tax-related, choose .
If you file Form 1040, we recommend that you assign tax lines
only to income and expense accounts. Although QuickBooks also lets
you assign tax lines to balance sheet accounts, in many cases a
balance sheet account won't report the correct total at the end
of the tax year. For advice on when it's appropriate to assign
a tax line to a balance sheet account, see your accountant.
What if the Tax Line drop-down list isn't there?
Set up for income tax
Prepare for end of year