Exclude from Profit & Loss/Tax Summary

Hello, sweetjumbles.

Other than manually substracting the amounts from the quarters, I have another solution for you to split the data on the Tax summary report. 

We can categorize those transactions prior to June 1st as personal, so they won't be included on the Tax summary or the Profit and Loss report. Here's how to do it: 

1. Go to the Transactions page.
2. Set the date range prior to June 1st. 
3. Set other filters if needed. 
4. On the transactions list view, check those categorized records.
5. After checking them, click the Mark as personal button to tag them as personal. 

Here are some screenshots that'll help you visualize the steps above: 

Though, we can also delete those transactions (by clicking on the Trash can icon after checking the transactions) from the Transactions page.

However, take note that deleting the transactions can't be undone. So if you want to keep records of those transactions, then categorizing them as Personal works best. 

If you'd like to know more about the Schedule C categories and how they appear on your reports, we can take a look at this article as our guide: Schedule C and expense categories in QuickBooks Self-Employed. 

Ready to tackle your estimated taxes in the future? We can bookmark this article in case you need help with them during tax time: Pay federal estimated quarterly taxes in QuickBooks Self-Employed. 

Do you have more questions about your Self-Employed records and the reports? Let me know the details and let's work them out. If you have any other concerns about the Self-Employed platform, add them to your reply. Always here to help.