Support for tax-filing

Roger Downey's Avatar

Roger Downey

20 Jul, 2015 06:17 PM

I am a retired journalist. My income is restricted to Social Security, rent from a granny apartment, and very occasional freelance writing work. I have no significant investstment income. All I need really is a way of categorizing transactions as tax-deductible or not, so that filing with the IRS is "one-step." The question therefore is: Does this product facilitate doing so? Or, like almost all other such programs, does it require going through hoops more appropriate for a multinational corporation than a private individual?

  1. Support Staff 1 Posted by Ethan on 21 Jul, 2015 01:16 PM

    Ethan's Avatar


    If you want to classify individual transactions (as opposed to entire categories of transactions), you could use the tag function for this. You could for example tag all those transactions with something like "deductible," and then use a report like the Transaction Filter to show only transactions with that tag in a specific date range.

    Moneydance Support

  2. 2 Posted by Roger Downey on 21 Jul, 2015 01:47 PM

    Roger Downey's Avatar

    Thank you for your reply, Ethan. I don’t yet own the program, but once I familiarize myself with it I’ll be able to put your advice to proper use.

    Roger Downey

    Begin forwarded message:

    From: Ethan <[email blocked]>
    Subject: Re: Support for tax-filing [Switching from another Personal Finance program #268]
    Date: July 21, 2015 at 6:16:40 AM PDT
    To: [email blocked]
    Reply-To: [email blocked]

  3. Support Staff 3 Posted by Ethan on 21 Jul, 2015 01:53 PM

    Ethan's Avatar

    Hello Roger,

    I'm glad to be of help. If you haven't already, I encourage you to download our free trial version from and experiment with the program before you decide if you would like to purchase it. The demo version is fully functional and allows you to manually enter 100 transactions. Imported transactions are not limited, so you'll be able to fully test things like importing from other programs and connections with your bank. If you decide to purchase the program at a later date you can keep all your data, the license key simply unlocks the ability to manually enter more transactions.

    In case you haven't found it yet, our full user guide can be downloaded from

    Moneydance Support

  4. Ethan closed this discussion on 21 Jul, 2015 01:53 PM.

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