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QuickBooks lien settlement question
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forget
Posted 12/29/2022 13:57 (#10010378)
Subject: QuickBooks lien settlement question


eastern sd
I am in the process of purchasing a quarter of land, in the process I have negotiated and settled a lien that was on the property but I haven't completed the purchase yet. I have to categorize the lien settlement expense before the end of the year but I'm not sure how to categorize it. I paid $100 down as "earnest money" when we drew up the purchase agreement so I have the property in my books and that $100 assigned to it at this point. Should I just do the lien settlement the same way I did the $100?
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