Allocate expenses to tax-exempt income

You can allocate expenses to tax-exempt income directly or indirectly.

To allocate expenses indirectly:

To allocate expenses other than tax expenses indirectly, use 1 of the following methods:

Enter expenses on the

Deduct

screen in the Deductions
folder, but don't use the statement window for the expense.

Enter the expense in the statement window for the expense and leave Income Type
blank to allocate the expense to all income types.

To allocate tax expenses indirectly, go to the

Allocate

screen in the Allocation
folder and mark the Allocate indirect tax expense to all income types
checkbox.

To allocate expenses directly:

Go to the

Deduct

screen in the Deductions
folder.

Open the statement window for the expense.

Enter

in Income Type
.