I am in the process of completing my taxes and I

found an issue that I was wondering if anyone else

came across?

Had you searched these forums for "FSA mileage" you would have run across <url=http://www.quickenforums.com/thread.jspa?forumID=1019&threadID=600006478&messageID=600034775#600034775>this lengthy discussion</url> as the first result.

The only report I was able to find for mileage and

travel expenses was under reports Tax Deductions.

This report is based on the Tax & FSA status, and

shows expenses that have been flagged as tax

deductible. That would work, except I have an FSA and

I recorded all expenses that were reimbursed by the

FSA as FSA-Reimbursed. These expenses do not show up

on the Tax Deductible report for mileage and Travel

Expense. This is a problem for users trying to deduct

travel expenses for expenses (excluding travel) that

were reimbursed by an FSA...

Anyone got an idea how to get the total mileage and

travel expense, WITHOUT going back and changing the

FSA Reimbursed to Tax-Deductible?

After reading the above discussion, you may decide that the cure is worse than the disease.

I missed this one

in the beta testing...

Yeah, so did I. :-(

Quicken support team, is there anyway to get this

data for my taxes from the database?

Thanks,

Gary

Sorry I don't have any better news.

-Tony

OUCH! :O

I was planning on getting back to my taxes today and to revisit the total mileage for the year (because of prior threads that made me realize that the mileage on my FSA reimbursed expenses is still deductible on taxes).

I, too, did not get reimbursed for mileage even though FSA reimbursed the total of the claim.

I still like the idea of the addition of a field to note the amount that FSA reimbursed on a claim. I think this would solve several issues at once.

1. For the claim where the FSA money runs out, you specify the partial payment.

2. For those where FSA doesn't actually reimburse the total of the claim for other reasons, you specify the partial payment.

3. Reporting could total on the FSA amounts paid and still give a total for mileage (like seen in the Tax Deductions report). Also include a check box to note whether mileage was reimbursed by FSA.

4. For the claim where FSA paid MORE than what you ended up paying for a claim, you specify the amount paid. (See my post under "Re: Status Options/FSA Tracking/ FSA and Taxes" dated 2/11/06. Sorry, I haven't figured out how to make this a link.)

Bonnie

OUCH! :O

Yeah. Of course your work around for partial FSA reimbursement is just as bad. ;-)





<snip>

I still like the idea of the addition of a field to

note the amount that FSA reimbursed on a claim. I

think this would solve several issues at once.

I think everyone does, but I'm not sure if it will be as simple as a field. I do feel confident that this will ultimately get changed, so we'll see how the team decides to do it.

4. For the claim where FSA paid MORE than what you

ended up paying for a claim, you specify the amount

paid. (See my post under <url=http://www.quickenforums.com/message.jspa?messageID=600036196&tstart=0>"Re: Status Options/FSA

Tracking/ FSA and Taxes"</url> dated 2/11/06. Sorry, I

haven't figured out how to make this a link.)

Bonnie

I edited your portion of the reply to make the title a link to your post. Unfortunately, the "URL" button has been broken since the forum upgrade last year. If you click on the button it creates the open and closing tags for the link, but you have to supply the "=http..." portion to the opening tag and supply the text of the link in between the tags yourself.

Click "Reply" for this post and click "Quote Original" to see how I did it.

-Tony

Tony,

Thanks for the help on creating a link! Now I know how to do it, too.
Bonnie

I may have a quick fix that the QMEM team could do to help us out with this problem. It is not the ultimate fix, but it could be a temporary workaround to get us by until the next version. If the team could put the mileage and travel expense totals on the FSA report, then all we would have to do is add these numbers to the ones on the tax deduction report.

QMEM team - would this be an easier patch that trying to get the data to show up on the tax deduction report? ?:|

Here is a good workaround, that uses Microsoft Excel.

1. Sort the Expense log for expenses in 2005 only

2. Sort the log by provider

3. Take the 1st provider and count how many visits.

4. Open Excel Enter the provide in Column A,

5. #of Visits in Column B.

6. Column C put the round trip miles

7. Column D have a formula B*C. That will be the total miles for that provider for 2005.

Follow steps 3 - 7 for all the provides in 2005, then total Column D for your 2005 medical mileage.

Hope this helps.

Gary

QMEM Team:

This problem is still occuring. I went under Tax deduction and even though there is a mileage column,and the mileage is on the expenses, the report does not show a number.

Can you assist with this problem or acknowledge that this is a problem?

Thanks,

Gary

Gary et al,

Sorry, we didn't cover mileage for FSA expenses in V2.1 (either as tax-deductible or as FSA-reimbursible). (I thought I acknowledged this in the forums as an issue, but now I'm not positive.)

This is an item to be added. Not in the next few weeks, but I can't say beyond that.

It's a tricky item. Independent of whether a payment is tax-deductible or reimbursed from FSA, the mileage could be claimed one way or the other. Technically, it's up to the person filing to decide which way to apply the mileage. One can either apply for mileage reimbursement from pre-tax FSA funds (under some programs at least), or claim the mileage under the medical-expense tax deduction... in both cases, this assumes that the mileage was for an eligible expense.

Not simple. This is why MEM tracks mileage for tax-deductible expenses, by default, as tax-deductible, though it's technically possible (if unlikely) that some of that mileage could have been reimbursed by an FSA account. I think a more realistic cross-over is an FSA-reimbursed expense where the mileage should be tracked under tax deductions, because many people don't bother with mileage reimbursement from FSA (particularly if they'll use up their FSA anyway).

<url=http://www.irs.gov/taxtopics/tc502.html>"Transportation costs primarily for and essential to medical care qualify as <potentially tax deductible> medical expenses"</url> -- it doesn't say that the medical care itself also must be claimed as a tax deduction. (This is not tax advice. Please talk to a tax professional if you have questions. Etc.)

Thanks for asking about this! It's an interesting topic though possibly obscure for some MEM users (but not every topic has to be relevant for every user).

Regards,

Bruce